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Hub International Limited has continued its North American M&A blitz with the acquisition of The Benefits Company (TBC). Terms of the acquisition were not disclosed.
Ontario-based TBC guides its clients through the various phases of all their benefit and retirement programs, according to Hub. TBC’s team of advisors serves some of Ontario’s most prestigious companies.
“The addition of TBC will greatly strengthen our retirement and benefits operations in Ontario,” said Greg Belton, executive chairman of Hub Ontario. “This partnership will benefit all of Hub Ontario’s clients and ensure client satisfaction is measured by both companies’ high level of service, continuous development of innovative concepts, and the relentless pursuit for the best solutions.”
TBC will join Hub Ontario, with Rob Tamblyn, TBC president, reporting to Belton.
“Joining Hub allows TBC to leverage the resources of one of North America’s largest insurance brokers and enhance our dedication to exceptional, consistent client services,” Tamblyn said. “By granting us access to Hub’s robust suite of benefit solutions, we’ll offer clients even more opportunities through additional products combined with our superior customer service and effective planning.”
The acquisition is the latest in a string of purchases by Hub. Last month, the global brokerage announced the acquisition of Leitao Insurance Agency and TYG insurance, two Massachusetts firms. The company also recently acquired Utah-based Spectra Management, an employee group benefits firm. In February, it acquired Canada-based Pointbreak Consulting, California-based Der Manouel Insurance & Financial Services and Texas-based IPS Advisors.
