Hub International Acquires The Assets of Missouri-Based Agency
- August 07, 2019
Hub International Acquires The Assets of Missouri-Based Truss, Llc
Chicago -- Hub International Limited (Hub) announced that it has acquired the assets of Truss, LLC (Truss). Terms of the transaction were not disclosed.
Headquartered in Kansas City, Missouri, Truss has more than 40 years of commercial insurance expertise in the construction, transportation and healthcare industries, as well as expertise in employee benefits, risk management, surety bonds, and HR solutions. Truss is ranked one of the top privately-owned insurance agencies by the Kansas City Business Journal. Truss brings experience in key industries and supports Hub’s Specialty practices by complementing and strengthening Hub’s existing capabilities.
“We’re excited to partner with the Truss team,” said Stuart DeSelms, President of Hub Mid-America. “They have an entrepreneurial attitude and a fresh perspective, and their capabilities will help expand our services in the Mid-America region.”
Paul Cohen, Vice President of Truss, has been named Area President for Kansas City and will report to Mr. DeSelms. Mr. Cohen has been an instrumental sales leader at Truss since 2005.
“We are honored to join Hub, one of the most successful insurance brokerage firms in the country,” said Mr. Cohen. “This partnership brings immediate value to our current clients and presents exciting opportunities for future growth in Kansas City.”