HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced that it has acquired certain assets of Benefit Partners Group, LLC and Benefit Partners Financial Group, LLC (collectively, Benefit Partners Group). Terms of the transaction were not disclosed.
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Headquartered in Libertyville, Illinois, Benefit Partners Group is a full-service employee benefits brokerage and retirement consulting firm. They provide Group Health, Dental, Life, & Disability Insurance, FSA, HSA, HRA, 401k and HR & ACA compliance services to more than 500 corporate clients locally and nationwide.
“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, Hub Midwest West.
“We are excited to have the Benefits Partners Group team join our Hub family,” added 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.”
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Benefit Partners Group founding partner Russell Warye and his team will join Hub Midwest West.
“Hub is the right partner for us,” said Warye. “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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