Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Fidelity Associates, Inc. and Fidelity Associates Financial Services, Inc.(collectively, Fidelity), servicing Spokane and the greater Pacific Northwest region. Terms of the acquisition were not disclosed. Fidelity will become part of Hub International Northwest’s operations (Hub Northwest). With the acquisition, Hub Northwest has more than 18 offices and 300 employees and is one of the largest brokers in the state, with a significant presence in both Western and Eastern Washington.
Fidelity is a full-service commercial lines, personal lines and employee benefits agency and brokerage, with industry expertise in education, retail, wholesale, construction, manufacturing, service, wineries, and non-profits. It has roots in Eastern Washington and the Spokane community that date back to 1906 and is in its 4th generation of ownership with brothers Scott and Craig Jones. Scott Jones, President and CEO of Fidelity, in addition to continuing his current client relationships, will join Hub Northwest as Executive Vice President, taking on a significant leadership role managing all of Hub Northwest’s operations in Eastern Washington. He will report to Andy Prill, President and CEO, Hub Northwest. Craig Jones is also continuing with Hub Northwest in his current position as Account Executive. Fidelity’s current team will continue to operate from its existing location in Spokane.
“Fidelity is a great addition to Hub Northwest. It’s a quality group of professionals and a growing organization,” noted Prill. “Their middle-market focus and expertise in personal and commercial lines insurance, as well as employee benefits, increases Hub’s ability to take a big step forward in Eastern Washington. There is a tremendous opportunity for growth in this part of the state and I look forward to Scott leading our efforts in providing industry best solutions to customers.”
The agency developed over the years through growth from extensive networking and relationship building in the community, in addition to several acquisitions. Fidelity is highly involved and visible in the Spokane market, and is a frequent contributor to many charitable and community events.
Fidelity’s President, Scott Jones noted, “Our Fidelity team is really excited to be a part of HUB. Our local expertise and extraordinary service, combined now with Hub’s global resources and carrier relations, arm us for a strong future and will be great additions for our customers.”
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit www.WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the North America. For more information, visit www.hubinternational.com.
