TMCnet News
Hub International Acquires the Assets of Pennsylvania-Based Hubbard-BertHub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Hubbard-Bert, Inc. Terms of the acquisition were not disclosed. Based in Erie, Pennsylvania, Hubbard-Bert specializes in employee benefits. Hubbard-Bert's leadership team of David Ciacchini, Joe Kelly and Mark Salvia will join Hub's wholly-owned affiliate, The HDH Group, Inc. (Hub HDH) and report to Tony Kocis, President, Hub HDH. Additionally, Hubbard-Bert's BAI (News - Alert) and Wealth Management and Pension Services lines of business were inclued as part of the acquisition. BAI offers full-service third-party administrator services, specializing in COBRA administration, spending accounts, dental, vision, and ACA reporting. Wealth Management and Pension Services offers retirement and financial planning services. "Hubbard-Bert is the leading employee benefits consulting firm in Northwestern Pennsylvania and has been an innovator for many years. The well-rounded approach Hubbard-Bert provides makes them an invaluable partner to their clients. Hubbard-Bert joins Hub HDH and strengthens our presence in Western Pennsylvania and furthers our goal to be the premier employee benefits brokerage in the region," said Kocis. About Hub's M&A Activities Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com. About Hub International Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170106005042/en/ |
