Chicago-based insurance brokerage Hub International Ltd has acquired the assets of Clarity Benefits Group Inc, a Calgary-based provider of employee benefit plans, life insurance and group retirement plans in Canada.
Terms weren’t disclosed.
Clarity was founded in 2018 by President Kevin Rome, who will join Hub International Barton Insurance Brokers, a division of Hub International Canada West ULC.
Last year, Canadian long-term private equity firm Altas Partners acquired a significant minority stake in Hub, joining existing owner Hellman & Friedman (H&F).
Hub International Acquires The Assets Of Alberta-Based Clarity Benefits Group Inc.
CHICAGO, May 7, 2019 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Clarity Benefits Group Inc. (Clarity). Terms of the transaction were not disclosed.
Based in Calgary, Alberta, Canada, Clarity is an independent, boutique style firm providing employee benefit plans, life insurance, and group retirement plans to large and small companies throughout Canada.
“Clarity has vast experience in tailoring benefits programs for clients of all sizes and will add depth to our already strong Canadian benefits solution,” said David Moon, President of Hub International Barton Insurance Brokers, a division of Hub International Canada West ULC (Hub Barton). “We continue to strategically build a premier practice and complete employee benefits and pension offering for our clients.”
The move further reinforces Hub’s ongoing Canadian employee benefits growth and services strategy to assemble best-in-class capabilities and entrepreneurial talent across Canada to develop a comprehensive employee benefits and pension solution.
Kevin Rome, President of Clarity, will join Hub Barton and report to Mr. Moon.
“Clarity is entering a new and exciting chapter with Hub,” said Mr. Rome. “We look forward to providing a more robust service to clients, in order for them to best implement and manage their employee benefits programs, and attract and retain high performing talent.”
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit www.hubinternational.com.
Media: Marni Gordon
M&A: Clark Wormer