Hub International Ltd. is acquiring benefits and retirement consulting group BenefitLink Resource Group Edmonton Holdings Inc.

The acquisition is part of Hub’s strategy to increase its offering of Canadian employee benefits and pensions services. The terms of the deal weren’t disclosed.

“Businesses today need to proactively manage and navigate the ever-changing benefits and retirement landscape, which is why we’ve been building our capabilities in these areas in Canada,” said David Moon, the president of Hub International Barton Insurance Brokers, a subsidiary of Hub International Canada West, in a press release. “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.”

Read: Hub acquires B.C.-based Porchlight Financial

In January, Hub said it had acquired 13 Canadian brokerages, increased its fee revenue to more than $50 million and opened seven new offices in Canada since 2018 as part of its growth strategy. It also noted it’s aiming to reach more than $100 million in commission fees by 2021 and open more than 10 new offices.

Jay Kemp, the owner of BenefitLink, will join Hub Barton and report to its senior executive team. “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,” he said. “Our team looks forward to helping the firm grow in these areas, where the demand for these services continues to increase.”

Read: Hub acquires assets of Toronto-based benefits firm

 

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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