Hub International has acquired the Mount Royal, QC-based insurance and risk management firm Seymour Alper.
Terms of the transaction were not disclosed.
Seymour Alper provides solutions and expertise in various industries, and the firm specializes in apparel/textiles, retail, real estate, and manufacturing. A release said that the acquisition of Seymour Alper “complements and strengthens” Hub’s existing specialty practices capabilities.
Following the transaction, Seymour Alper president & CEO Elliott Alper, executive vice president Steven Lach, executive vice president Karla Alper Lach, and their team will join Hub International Quebec Limited (Hub Quebec). They will all report to Hub Quebec president and CEO Stephen Blais.
“Seymour Alper’s experience and strong reputation in the market to achieve solutions that meet clients’ needs make them a valuable addition to Hub,” said Blais. “We are excited to continue to grow our capabilities through additional strategic partnerships in this region with dedicated firms such as Seymour Alper.”
“With Hub, we are providing our clients with a strong network and valuable resources,” said Elliott Alper. “We are excited for the opportunity to contribute to the growth of Hub in this region and beyond.”
Last month, Hub acquired the family-owned insurance firm Stalco Insurance. With locations in Wainwright, Provost and Kitscoty, AB, Stalco offers both commercial and personal insurance, and serves various industries including agribusiness.
