Managers of Talbot Financial Network have helped a buyout group buy the firm from Hub International Ltd.
Hub, Chicago, a large insurance brokerage, acquired Talbot Financial Network, Pleasant Hill, Calif., an independent marketer of annuities and other investment products, when it acquired Talbot Financial Corp., Albuquerque, N.M., from Safeco Corp., Seattle, in 2004.
The price of the new buyout was not immediately available.
Talbot Financial Network has 40 employees and about $5 million in annual revenue. It focuses on distributing products through banks and other financial institutions.