Hub acquires employee benefits brokerage

Deal expands its capabilities in the Midwest

Hub acquires employee benefits brokerage

Mergers & Acquisitions

By Ryan Smith

Hub International Limited has announced that it has acquired certain assets of Benefit Partners Group and Benefit Partners Financial Group (collectively, Benefit Partners Group). The terms of the transaction were not disclosed.

Illinois-headquartered Benefit Partners Group is a full-service employee benefits brokerage and retirement consulting firm. It provides group health, dental, life and disability insurance, FSA, HSA, HRA, 401(k) and HR and ACA compliance services to more than 500 corporate clients.

“Benefit Partners Group will bring a wealth of experience and knowledge in employee benefits and retirement planning to our growing capabilities in the region,” said Lerone Sidberry, CEO of Hub Midwest West.

“We are excited to have the Benefit Partners Group team join our Hub family,” said Joe DeNoyior, president of Hub Retirement and Private Wealth. “Their commitment to serving plan sponsors and helping their employees work toward a successful financial future enables us to bring more of Hub to businesses in the Midwest.”

Benefit Partners Group founding partner Russell Warye and his team will join Hub Midwest West.

“Hub is the right partner for us,” Warye said. “We will continue to serve our clients at the highest level with the addition of Hub resources. This is a level-up for all of us. Our clients benefit, my team benefits, everyone benefits. I’m proud of what we’ve built and look forward to a bright future with Hub International.”


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