Hub International Acquires The Rocchio Agency: A Strategic Move in the Insurance Sector
In a significant development within the insurance industry, Hub International has announced the acquisition of the assets of John L. Kiley Agency, Inc., operating under the name DAR The Rocchio Agency (The Rocchio Agency). While the financial terms of this transaction were not disclosed, the implications for both companies and their clients are noteworthy.
The Rocchio Agency: An Overview
Based in Carmel, Indiana, The Rocchio Agency is a well-regarded independent insurance agency that provides a range of services, including commercial and personal insurance, as well as employee benefits. Their specialized knowledge in the residential construction sector, particularly in custom home building, positions them as a valuable asset to Hub’s existing operations. Additionally, their expertise in the real estate development industry enhances Hub’s capabilities in serving clients across various sectors.
For more insights on construction insurance, you can explore the offerings from Hub International here.
Strengthening Hub’s Specialty Practices
The acquisition of The Rocchio Agency is expected to bolster Hub’s Specialty practices, allowing the company to better serve its clients with a more comprehensive suite of services. This strategic move aligns with Hub’s goals of expanding its market presence and enhancing its service offerings in the commercial and personal insurance sectors.
David Rocchio, the sole owner of The Rocchio Agency, along with his team, will integrate into Hub Midwest East. This transition signifies a commitment to maintaining the high standards of service that The Rocchio Agency is known for while leveraging Hub’s extensive resources and expertise.
The Role of MidCap Advisors
MidCap Advisors acted as the financial advisor for The Rocchio Agency during this acquisition. Their expertise in mergers and acquisitions within the insurance sector played a crucial role in facilitating this transaction, ensuring that both parties could navigate the complexities of the deal effectively.
Implications for Clients
Clients of The Rocchio Agency can expect a seamless transition as they become part of Hub International. The integration will provide them with access to a broader range of products and services, enhanced resources, and increased support. Hub’s commitment to client satisfaction remains a top priority, and this acquisition is a testament to that dedication.
Looking Ahead
As the insurance landscape continues to evolve, strategic acquisitions like that of The Rocchio Agency by Hub International are essential for fostering growth and innovation in the industry. This acquisition not only strengthens Hub’s market position but also enhances the service capabilities available to clients, ensuring they receive the best possible coverage and support.
For more information on Hub International and their services, visit their official website here.
In essence, the acquisition of The Rocchio Agency marks a significant milestone for Hub International, one that promises to enhance their service offerings and strengthen their foothold in the insurance market. As the integration process unfolds, clients and stakeholders alike can look forward to the benefits that this strategic move will bring.