Hub International Limited has acquired the assets of Hollis Companies and The Employee Benefits Corporation (TEBC). Terms of the transaction were not disclosed.
TEBC and Hollis Companies, located in Metairie, La., is an employee benefits consulting firm providing benefits solutions, workplace wellness plans and guidance on compliance issues, Hub said.
“Hollis Companies and TEBC are great additions to Hub,” said Shaun Norris, president of Hub Gulf South. “They create even greater potential in the markets we serve. Their expertise and existing relationships in the New Orleans marketplace will enhance our benefits practice and further deepen our footprint in this area.”
Michael Hollis, president and CEO of TEBC and Hollis Companies, will join Hub Gulf South and report to Norris.
“We are thrilled to be joining Hub and to work alongside an extraordinary group of highly committed and talented professionals,” Hollis said. “We are keen to grow our capabilities and services for our clients with Hub, and look forward to bringing our team of professionals over to Hub.”
