HUB International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired Alpha Pension Group, Inc. Terms of the transaction were not disclosed.
Headquartered in Boston, Massachusetts, Alpha Pension Group is a retirement consulting firm that provides investment analytics, fiduciary governance and guidance to corporations and nonprofits on retirement planning. Alpha Pension Group was represented by the consulting firm Wise Rhino Group for the transaction.
"The Alpha Pension Group's depth of knowledge and the strong relationships they have been able to develop with their clients will benefit our clients in New England as they continue to seek more transparency and personalized retirement service offerings," said Shawn McLaughlin, President and CEO of Hub New England.
Rich Cawthorne (President & CEO) and Mark Salamone (CFO) will join Hub New England.
"We are all excited to be working alongside an extraordinary group of highly- committed and talented professionals," said Mr. Cawthorne. "With Hub, we look forward to continuing to grow our practice and providing our clients with additional resources and services."
This move continues to strengthen Hub's retirement and wealth management services with the addition of talent and resources to develop more comprehensive strategies for clients. Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. Hub RPW manages more than $93 billion in assets.
About Hub Retirement and Private Wealth
Hub Retirement and Private Wealth offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. Employees of Hub International offer securities through partner Broker Dealers not affiliated with Hub. Employees of Hub provide advisory services through both affiliated and unaffiliated Registered Investment Advisors (RIA). Global Retirement Partners, LLC, Silverstone Asset Management, LLC, Hub International Investment Advisory Services, Inc., and Sheridan Road Advisors, LLC are wholly owned subsidiaries of Hub International. Learn more about Hub Retirement and Private Wealth.
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 risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 12,000 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, please visit www.hubinternational.com.
