Chicago insurance group Hub International Ltd. has acquired some of the insurance agency businesses of Pinnacle Insurance Partners.
Grand Rapids, Mich.-based Pinnacle is a full-service insurance brokerage firm that offers property and casualty, employee benefits and personal lines insurance in Michigan.
Hub picked up the insurance agency businesses of insurance firms that make up Pinnacle. Terms of the acquisitions were not disclosed.
The acquired businesses will become part of Hub International Midwest Ltd.’s Grand Rapids office.
The deal comes as the insurance industry continues to consolidate. Recent insurance M&A deals include Marsh & McLennan Agency LLC’s purchase of Cambridge Property & Casualtyin December, and Forsyth Capital Investors LLC’s acquisition of PT&C Forensic Consulting Services, which it added to to insurance provider Engle Martin & Associates.