Chicago-based Hub International Ltd. has acquired two companies based in Edmonton, Alberta. The first acquisition was BenefitLink Resource Group Edmonton Holdings Inc., an independent benefit and retirement consulting firm.
"Businesses today need to proactively manage and navigate the ever-changing benefits and retirement landscape, which is why we've been building on our capabilities in these areas in Canada," David Moon, president of Hub International Barton Insurance Brokers, a division of Hub International Canada West ULC, said in a statement. "BenefitLink Resource Group has the experience along with the resources, tools, and innovative proprietary products and services that will help us meet and exceed client expectations."
Jay Kemp, owner of BenefitLink Resource Group, will join Hub Barton and report to the senior executive team.
The move continues to reinforce Hub's ongoing Canadian employee benefits growth and services strategy to assemble best-in-class capabilities and entrepreneurial talent across Canada to develop a complete employee benefits and pension solution.
"Hub is the ideal firm from which we can advise clients on a broad spectrum of employee benefit and retirement issues locally, nationally and globally," Kemp said. "Our team looks forward to helping the firm grow in these areas, where the demand for these services continues to increase."
In the second deal, Hub acquired Berk Bilgen Insurance Ltd., an independent insurance brokerage that offers personal and commercial insurance solutions including home, auto, life and travel.
Financial terms were not disclosed in either transaction. Hub International Ltd. focuses on growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.
Last month, Hub acquired Porchlight Financial in a deal that is indicative of the company's commitment to its Canadian employee benefits growth and services strategy.