Hub acquires Indiana-based construction-specialist Rocchio Agency

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By Isha Marathe

Feb 6 - (The Insurer) - Hub International has acquired the assets of John L Kiley Agency, doing business as the Rocchio Agency, based in Carmel, Indiana.

The financial terms of the deal were not disclosed. David Rocchio, sole owner, and the Rocchio Agency team will join Hub Midwest East. Under the transaction terms, Rocchio Agency will be referred to as The Rocchio Agency, a Hub International company.

Rocchio's expertise in residential construction, custom home building and real estate development will support Hub's existing offerings.

MidCap Advisors served as financial advisor to The Rocchio Agency.

Hub announced the acquisition of commercial and personal insurer Lindenwood Agency, based in Missouri, on Wednesday.


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