Capax is one of the largest locally owned insurance brokerage and employee benefits consulting organizations located in the Central Valley.On January 8th, 2021, Capax was acquired by Hub International. The terms of the transaction were not disclosed.
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Latest CAPAX News
Jan 11, 2021
Verdict Staff Share Article American insurance brokerage Hub International has snapped up CAPAX Management and Insurance Services, an insurance brokerage and employee benefits consulting firm based in Modesto, California. The companies did not reveal the financial and other terms of the transaction. The acquired firm offers multi-line insurance solutions, including personal and commercial, employee benefits products and risk management solutions. It also offers captive solutions to its clients. The company focusses on various industries including agribusiness (crop), which complements Hub’s existing capabilities. Michael Der Manouel, executive vice president of Hub California Central Valley, said: “CAPAX is a great addition to the Hub family as we continue our growth strategy in the region by adding specialized capabilities that will expand the depth of our insurance and risk management solutions.” As per the terms of the agreement, CAPAX’s president Joel Geddes III will join Hub California and report to Der Manouel. Geddes said: “We look forward to joining Hub – a leading brokerage firm with strong values and an utmost commitment to clients. “With Hub, we will be well-positioned to provide a full suite of services to fit our clients’ growing needs.”
CAPAX Frequently Asked Questions (FAQ)
Where is CAPAX's headquarters?
CAPAX's headquarters is located at 4335 North Star Way, Modesto.
What is CAPAX's latest funding round?
CAPAX's latest funding round is Acquired.
Who are the investors of CAPAX?
Investors of CAPAX include Hub International.
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