Hub International Limited has announced that it has acquired the assets of W.R. Carey Corporation. Terms of the transaction were not disclosed.
Based in Winnipeg, Manitoba, Carey Corp is an independent employee benefits consulting firm providing a broad array of programs, including benefits plan consulting and group retirement services. Bill Carey, an actuary, along with his employees, will join Hub Manitoba.
“Carey Corp has an excellent and established reputation as an employee benefits consultant and broker, with over 30 years of experience,” said Keith Jordan, president and CEO of Hub Manitoba. “They will further expand our platform to deliver a best-in-class employee benefits service to our clients.”
The acquisition furthers Hub’s ongoing Canadian employee benefits growth strategy, the company said.
“Ongoing and expanded service to our clients is of utmost importance to us,” Carey said. “All Carey Corp employees, me included, will continue on at Hub. We will personally continue to work with and service our clients as we have always done. With the continued expansion of Hub’s employee benefits solutions in Canada, its recognized insurance and risk services, its local size and expertise in the Winnipeg office, and its international reach, Hub is the ideal firm for us and our clients to join and with which to continue to advise clients on a broad range of employee benefit issues. We are excited to be able to continue working with our clients, and to have access to an expanded array of services and expertise.”