Chicago firm scoops up two Maine Norton agencies
With its eyes set on expanding its presence in New England, Chicago-based insurance firm Hub International Ltd. has acquired the assets of Cumberland Foreside-based Norton Insurance Agency Inc. and Norton Financial Services Inc.
Terms of the acquisition, which was announced on Monday, were not disclosed.
“Norton is one of the most respected brokerage firms in northern New England and their staff of seasoned professionals will be a welcome addition to our organization,” Charles Brophy, CEO of Hub New England, said in a statement. “We are looking forward to expanding the successful Norton Financial platform throughout our region.”
Norton Financial provides securities and advisory services along with employee benefits insurance solutions. Norton Insurance and Norton Financial have additional offices in Brunswick and Winthrop, as well as Portsmouth, N.H.
The Norton leadership team, including Jeff Begin, president of Norton Insurance, and Peter Fendler, president of Norton Financial, will join Hub New England and report to Charles Brophy, CEO of Hub New England.
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