Hub International Ltd. is acquiring Mississauga, Ont.-based employee benefits consulting firm GMS Insurance Inc.
Last year, the global insurance brokerage acquired GMS’s Kitchener, Ont. operations. The company said owning both entities would allow it to enhance its services to southwestern Ontario and greater Toronto area clients.
“We’re excited to unify GMS Insurance under Hub, which demonstrates our commitment to the market as we continue to strengthen our employee benefits capabilities in Canada,” said Gregory Belton, executive chairman of Hub International Ontario Ltd., in a press release.
The team from GMS will become part of Hub Ontario and report to Belton.