Hub International Ltd. today announced the acquisition of Kaufman & Kaufman Insurance, a US$9 million revenue brokerage based in Salt Lake City, Utah.

With this acquisition, Hub will expand its specialization in transportation insurance brokerage and will establish a specialty hub headquartered in Salt Lake City, with Dale Kaufman as its president. Financial terms of the transaction were not disclosed.

Founded in 1965, Kaufman & Kaufman is the largest independent brokerage in the western states specializing in transportation-related coverage and represents over 40 of the leading U.S. insurance carriers that specialize in transportation risks. In addition to its core Salt Lake City operations, the company benefits from a successful premium finance division and satellite offices in Boise, Ida., Portland, Ore. and Denver, Colo.

“The addition of Kaufman & Kaufman to the Hub International organization is a major opportunity for our companies and our customers,” said Martin Hughes, Hub’s chairman and CEO, in a news release. “Kaufman & Kaufman increases both our national transportation market share and our regional penetration in the western United States.”

Headquartered in Chicago, Hub International d is a leading North American insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the U.S. and Canada.