Hub picks up California-based broker Colton

Private equity-backed broker Hub has acquired California-based
personal lines intermediary Colton Insurance Associates.
The assets of the newly acquired agency are held by The Ponce de
Leon Insurance Group, which will become part of Hub.
Colton's staff will join Hub's Sacramento operations and
report to state executive vice president Rob McVicar.
Terms of the transaction were not disclosed but it comes as
Hellman & Friedman-backed Hub is known to be shopping
around.
Last week, this publicati