Hub International Limited has acquired the assets of Texas-based GBC Benefits, d.b.a. Gus Bates Insurance & Investments (Gus Bates I&I). Terms of the transaction were not disclosed.
Gus Bates I&I, located in Fort Worth, Texas, provides a range of services including employee benefits, property and casualty and personal lines insurance, and retirement plan services.
“We’re excited to welcome the Gus Bates I&I team to Hub,” said Martin Yung, president of Hub Texas. “With their joining, we will enhance our services to clients by providing them added guidance and resources to help them navigate both the insurance and retirement worlds.”
Gus Bates, CEO of Gus Bates I&I, and Matt Morris, the firm’s president, will join Hub Texas and report to Yung.
“We look forward to joining Hub Texas and are so excited for the opportunity this brings not only for our customers, but for our employees,” Bates said. “It is a match made in heaven. This is a tremendous opportunity to expand our business, drive continued growth and bring additional tools, resources and expertise to our clients.”