Monday, July 25, 2022
HomeInsurance LawHub buys public sector-focused worker advantages agency in US

Hub buys public sector-focused worker advantages agency in US

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Hub Worldwide Restricted has taken over the belongings of Alexander & Firm, an unbiased worker advantages advisory agency serving the general public sector.

The worth of the deal was not shared by the businesses.

As a part of the transaction, the Alexander & Firm group will now change into a part of Hub Gulf South.

This consists of Alexander & Firm president and founder Dale Alexander.

Hub Gulf South president Shaun Norris known as this group an “superb addition”.

“Drawing on a breadth of experience, various expertise and expertise, Alexander & Firm will certainly profit our shoppers as we proceed to develop our worker advantages capabilities within the area,” Norris acknowledged.

Consulting firm MarshBerry represented the acquired entity within the deal.

Primarily based in Woodstock, Georgia, Alexander & Firm primarily caters to public training methods. It additionally has metropolis and county authorities shoppers.

Commenting on the deal, Alexander stated: “Becoming a member of Hub was a great alternative as we glance to proceed to take our agency to the following degree.

“We stay up for increasing our services and products to raised serve our shoppers.”

Chicago, Illinois-based Hub Worldwide affords insurance coverage, worker advantages, retirement, danger administration, and wealth administration companies. 

The insurance coverage brokerage has a workforce of over 14,000.

The addition of Alexander & Firm continues Hub’s shopping for spree, coming shortly after its Sandy Spring Insurance coverage takeover.

Maryland-based Sandy Spring Insurance coverage gives business and private insurance coverage companies, masking residence, auto and marine.

Workers of the Sandy Spring Financial institution unit will now change into a part of Hub Mid-Atlantic.

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