MHBT Announces Acquisition of Wells Fargo Insurance Lubbock Office

Wells Fargo Employees to join MHBT

DALLAS, June 28, 2013 /PRNewswire-iReach/ -- MHBT Inc. is proud to announce the expansion of their Lubbock presence, with the acquisition of Wells Fargo's insurance brokerage operations in Lubbock, Texas.  Effective Friday, June 28, 2013, MHBT has acquired all of the operating assets and operations of the Lubbock office of Wells Fargo Insurance, including five team members.

(Photo: http://photos.prnewswire.com/prnh/20130628/CG40149)

"We are excited to be further expanding our business in west Texas and specifically Lubbock. This acquisition has provided us with the opportunity to deepen our ties in the community." Bill Henry, Chief Executive Officer and Chairman of MHBT, said "Lubbock is a critical part of our growth plans."

"For over 40 years, we have worked with clients in Lubbock and west Texas. I graduated from Texas Tech in 1970 and have never really left. I love the area, the people and doing business here. Expanding our Lubbock office was the logical next step in MHBT's growth strategy. The area has strong economic growth, people with a "can do" attitude and a highly skilled workforce."

"While the name on the door will change to MHBT, clients will continue to receive expert care and professionalism from the same familiar faces they received from Wells Fargo." says Mr. Henry.

As a Texas based commercial insurance and employee benefits broker, MHBT has offices in Dallas, Fort Worth, Austin and Lubbock.  MHBT's first Lubbock office opened in 2012, when they merged with Shofner, Lynch & Shulse LLC. The addition of the Wells Fargo insurance office allows MHBT to expand their reach further into west Texas.

MHBT is known for providing innovative, thoughtful and professional service to their clients. Since 2006, the Dallas Business Journal and Austin Business Journal have ranked MHBT one of the Best Places to Work. In 2012, The Dallas Morning News Top 100 Places to Work also awarded MHBT The Most Ethical Company Award.

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About MHBT

MHBT Inc. is based in Dallas with offices in Fort Worth, Austin and Lubbock, Texas. MHBT is ranked as one of the largest privately owned insurance brokers in the country and services a global, national and local client base. The firm offers commercial insurance and risk management programs, employee benefits, surety, personal insurance and a host of specialized services.

MHBT is headquartered at 8144 Walnut Hill Lane, 16th Floor, Dallas, TX 75231 (800) 443-0185. 
Additional information about MHBT is available at mhbt.com

For more information or media inquiries, please contact Robert Smith at robbie_smith@mhbt.com or (972) 770-1624.

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Media Contact: Robert Smith, MHBT Inc., 972-770-1624, robbie_smith@mhbt.com

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SOURCE MHBT Inc.



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Banking & Financial Services, Insurance, Construction & Building, Mining, Mining & Metals, Acquisitions, Mergers and Takeovers, Corporate Expansion



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