Hub International announced Oct. 5 that it has acquired Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and Canwest Group Benefits Inc. (Clearpoint).

Clearpoint, based in Edmonton, is a benefits and retirement consulting firm that provides group benefit advisory services and retirement solutions to employers. In addition to Edmonton, the firm has additional locations in Grande Prairie and Fairview.

"Clearpoint is a great addition to our employee benefits and retirement team," stated David Moon, President and CEO of Hub International Canada West. "Their experience and depth of expertise will complement our existing capabilities, expand our services and drive continued growth."

The principals of Clearpoint, Darren Smith, Sid Swick and Jim Yih, will join Hub Canada West and report to Kevin Rome, President of Employee Benefits for the region.

Hub says this new acquisition strengthens its ongoing strategy “to expand its best-in-class employee benefits and retirement solutions to address the challenges clients are facing.”

Terms of the transaction were not disclosed.