Just about six weeks since its purchase of Woburn´s Tanna Insurance, Hub New England has announced another acquisition in Massachusetts. This time the company has acquired an agency on the South Shore with its acquisition of The Spofford Group Insurance Brokerage, Ltd. of Hingham.
According to the terms of the transaction, Rob Spofford, President, and the Spofford Group team will join Hub New England upon completion of the transaction. Mr. Spofford will take on a leadership role at Hub to deepen the practice in the East region and nationally. No further terms of the transaction were disclosed.
Located in Hingham, Massachusetts, The Spofford Group is an independent brokerage firm that provides banks, private equity and venture capital firms, investment advisors, hedge and mutual fund companies, publicly traded and privately held companies with management liability, professional liability exposures and related coverages. Their specialization in the financial institutions industry supports Hub’s Specialty practices by complementing and strengthening its existing capabilities.
Hub New England continues to grow its geographic footprint throughout New England
With the addition of The Spofford Group, Hub continues to grow its presence throughout New England. As one of the largest insurance brokers in the region, this latest addition marks the brokerage firm’s eighth agency acquisition in New England so far in 2021. The following is a list of other agencies that Hub New England has acquired recently and that have been covered by Agency Checklists:
- Hub International Acquires Assets of Tanna Insurance, Inc. (2021)
- Hub New England Welcomes Epstein Financial Services LLC (2021)
- Hub New England Acquires CT’s Ion Insurance Corporation (May 11, 2021)
- Hub Acquires Massachusetts-Based IBG Financial Partners, LLC (April 23, 2021)
- Hub NE Expands In Vermont With Finn & Stone, Inc. Acquisition (March 9, 2021)
- Hub Acquires The Alpha Pension Group (January 26, 2021)
- Hub Acquires Its Second Massachusetts Agency In 2020 -Baystate Fiduciary Advisors, Inc. (November 17, 2020)
- Hub Acquires Massachusetts-Based Lashua-LaChance & Poliks Insurance Agency, Inc. (May 19, 2020)
- HUB New England Acquires The Insurance Center of New England (August 6, 2019)
- Dadgar Insurance Acquired By Hub (December 18, 2018)
- HUB New England Announces Two More Acquisitions In Massachusetts (March 13, 2018)
- Hub Acquires FieldEddy (October 2014)