Hub International continues buying spree with IBG acquisition
Hub International continues buying spree with IBG acquisition
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Insurance broker Hub International acquired retirement plan consulting firm IBG Financial Partners, Hub announced in a news release Thursday.
Terms of the deal, which closed April 1, were not disclosed.
The acquisition of the Foxborough, Mass.-based firm added 70 plan sponsor clients with roughly $1.6 billion in assets under advisement to Hub s client roster, a Hub spokeswoman said.
As part of the transaction,
Peter Vacheron, principal of IBG, and the entire IBG team of six staff members will join Hub Retirement and Private Wealth.
Hub International agrees to buy Plan Sponsor Consultants
Hub International agrees to buy Plan Sponsor Consultants
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Terms of the deal, which closed April 2, were not disclosed.
The acquisition of the Atlanta-based firm added 184 plan sponsor clients with $2.4 billion in assets under management to Hub s client roster, a Hub spokeswoman said.
The addition also builds on Hub s expansion in the Gulf South region and strengthens its retirement capabilities, Shaun Norris, president of Hub Gulf South, said in a Hub news release Tuesday. As part of the transaction, Michael Kane, managing director of Plan Sponsor Consultants, and Lee Applebaum, senior vice president, joined Hub Retirement and Private Wealth in Hub Gulf South.
Hub Acquires Assets of Ohio’s Benefit Strategies Agency March 4, 2021
Terms of the transaction were not disclosed.
Benefit Strategies Agency specializes in employee benefits, retirement and financial planning. Brett Montague, Rod Wood, Lorie Montague and Terri Kuntz, all managing principals of Benefit Strategies Agency, will join Hub Midwest East.
Hub International Limited provides risk management, insurance, employee benefits, retirement and wealth management products and services.
Source: Hub International Limited
Hub International Acquires the Assets of Ohio-based Benefit Strategies Agency, LLC and Affiliate insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.