The financial terms of the deal were not disclosed.

ANCO Insurance, headquartered in Bryan, Texas, operates six additional offices across the state. With a history spanning over 150 years, ANCO has established itself as a leader in providing comprehensive solutions for employee benefits, business, and personal insurance coverage. The firm currently serves thousands of clients across Texas and beyond and employs more than 150 team members.

ANCO Insurance will be referred to as ANCO Insurance, a Hub International company.

The acquisition boosts Hub’s capabilities in both commercial and personal insurance, as well as employee benefits solutions, strengthening its presence in the Texas market. The move aligns with Hub’s strategy to expand its reach and provide tailored insurance and financial services to a growing client base.

“We are excited to have ANCO Insurance join Hub,” said Martin Yung, President and CEO of Hub Texas. “With their deep knowledge and experience, and their strong long-standing relationships with top insurance carriers, they will help us continue to advance our growth strategy in the region.”

Sid Cauthorn, CEO, Ross Gunnels, President, and the ANCO Insurance team will join Hub Texas.

“Hub is the next chapter for us as we look to accelerate our growth in the future,” said Gunnels. “We believe joining Hub will give our clients and employees greater cross-sell capabilities, additional resources, expertise and opportunities.”