Hub International, an insurance brokerage firm, has acquired the assets of Colorado-based retail employee benefits insurance brokerage firm Benefit Resources Inc (BRI).
With this acquisition, the BRI operations will become a part of the Colorado operations of Hub International Insurance Services (Hub Colorado).
The principals of BRI George Martin and Jeff Ahrendsen will join Hub Colorado, reporting to Matt Coleman, chief sales officer of Hub Colorado. The BRI team will remain in their existing office in Colorado Springs.
Coleman said that BRI has an employee benefits brokerage in Colorado Springs, and will provide Hub with a strong growth platform in the region. By joining forces, the talented staff at BRI will give Hub an even stronger presence in the territory.
The terms of the acquisition were not disclosed.
Hub International offers property, casualty, risk management, employee benefits, investment and wealth management products across North America.