CHICAGO, Sept. 5, 2024 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Flexible Benefits Plans, Inc. (FBP). Terms of the transaction were not disclosed.
Based in Valley Forge, Pennsylvania, FBP assists brokers by providing leading edge and value-added services, resources and carrier access so that their clients can optimize the positive impact of their employee benefit programs. With more than 20 years of experience, FBP specializes in HR technology, strategic planning, insurance carrier access and support, benefit plan administration, renewal management and more. Thomas Olejar, President & CEO, and the FBP team will join Hub Greater Philadelphia.
"We are excited to welcome Tom Olejar and FBP to our growing team in HUB Greater Philadelphia," said Dennis O'Neill, President, Hub Greater Philadelphia. "FBP's reputation and experience will significantly bolster our Employee Benefits footprint in the Philadelphia marketplace."
FBP will be referred to as Flexible Benefits Plans, Inc., a Hub International Company.
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 and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 18,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, visit Hub Media Center.
CONTACT:
Media: Jessica Wiltse
Phone: 312-596-7573
[email protected]
M&A: Clark Wormer
Phone: 312-279-4848
[email protected]
SOURCE Hub International Limited