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Hub International Ltd. has acquired the assets of LBA Insurance Services Inc. Terms of the transaction were not disclosed.

Based in Chatsworth, California, LBA is a full-service agency providing employee benefits, retirement and consulting services. The LBA team has more than 100 years of combined experience helping companies and individuals with the design, implementation and management of insurance programs. Lior Avishay, president of LBA, and his colleagues will be joining Hub in Los Angeles.

"Joining Hub was the next logical step for us," Avishay said in a statement "With Hub, we will enhance the relationships with our loyal clients, as well as, expand the services and products we will offer. Our cultures are also similar, which is meaningful to me and one of the main reasons we chose Hub."