Hub acquires Plan Sponsor Consultants
The acquisition gives Hub another $2.4 billion in assets under management.
April 8, 2021
Michael Kane and Lee Applebaum of Plan Sponsor Consultants will join Hub Retirement and Private Wealth.
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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.
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CHICAGO, April 6, 2021 /PRNewswire/
HUB International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired the assets of Plan Sponsor Consultants. Terms of the transaction were not disclosed.
Headquartered in Atlanta, Georgia with an additional location in Birmingham, Alabama, Plan Sponsor Consultants is a nationally recognized independent retirement plan consulting firm offering expertise and guidance on retirement plan management for all plan types and sizes. Plan Sponsor Consultants manages $2.4 billion in assets. Plan Sponsor Consultants joining Hub continues our expansion in the Gulf South region and our focus on expanding our retirement capabilities to round out the services we offer to clients, said Shaun Norris, President of Hub Gulf South.