Hub International has acquired the insurance firm Benefex Consulting in Edmonton, AB.

Terms of the transaction were not disclosed.

Benefex is an employee benefits and retirement consulting firm that focuses on group insurance programs, retirement, wellness solutions, and special risk coverage. In addition to serving clients in Alberta, Benefex also operates in British Columbia, Alberta, Saskatchewan, Ontario, and the Yukon and Northwest Territories.

Following closure of the deal, Benefex principals Wade Cox, Kyle Stinson, and Brad Seib will all join Hub International Insurance Brokers – a division of Hub International Canada West ULC. The three will also continue to lead the Benefex team under Hub Canada West.

According to Kevin Rome, president of employee benefits at Hub Canada West, the Benefex team has a long-standing reputation of excellence in the Alberta benefits marketplace.

“Their commitment to client service and tenacity in supporting their clients’ interests align very well with our core values, said Rome. “Their experience in providing advice and mitigating risks make them a great addition to our Hub Canada West team.”

“At Benefex, providing our clients with well-designed benefits and retirement solutions along with sound advice have always been key to our offering of superior value,” commented Benefex managing partner Wade Cox.

Cox gave assurances to Benefex’s current clients that they will continue to benefit from this approach while enjoying access to a wider range of services through Hub.