This is the broker’s first announced acquisition in Massachusetts during the year 2020
Hub International, now one of the largest insurance brokerage firms in the country, has announced a new acquisition in Massachusetts. Its local subsidiary, Hub New England, has acquired the assets of Lashua-LaChance & Poliks Insurance Agency, Inc.
Located in Gardner, Massachusetts, Lashua-LaChance is a locally owned, independent insurance agency that provides personal and business insurance solutions in New England. It founded in 1938 by the Lashua family, and until its acquisition was run by the second generation of the Lashua family, David and Pete.
According to the terms of the transaction, Peter Lashua, co-owner of Lashua-LaChance, will join Hub New England and report to Timm Marini, President of Western New England. Further terms of the transaction were not disclosed.
This is the second acquisition for Hub New England in this part of Massachusetts. In August 2019, the brokerage firm acquired ICNE (The Insurance Center of New England) in Agawam. In December 2018, it acquired Dadgar Insurance.
More about Hub International in New England
Hub New England is part of Hub International, a top 10 global insurance broker offering property and casualty, life and health, employee benefits, investment, and risk management solutions. According to the latest Boston Business Journal ranking of Massachusetts insurance brokers, Hub New England is now the largest insurance broker in Massachusetts.
Based in Wilmington, Hub New England now boasts over 485 employees working in more than 18 locations in Massachusetts, New Hampshire and Rhode Island. Charles Brophy, who is the current President and CEO of both Hub International New England and Hub International East Region, was selected as the 2016 Insurance Professional of the Year by the Insurance Library Association of Boston. Prior to that, Hub New England acquired Dadgar Insurance in December 2018.