Hub International announced Oct. 4 that it has acquired ProCorp Financial Inc., an Ottawa-based boutique benefits and retirement consulting firm.

Hugh Doyle, President of ProCorp Financial, will join Hub Ontario and report to Matt Lievers, President of Employee Benefits & Retirement, Hub Ontario. Terms of the deal were not disclosed.

"We are thrilled to welcome Hugh and the ProCorp Financial team to Hub," said Gregory Belton, Executive Chairman of Hub International Ontario Limited (Hub Ontario). "ProCorp Financial has a comprehensive array of product offerings that are well aligned to further expand our employee benefits solutions in Canada."

"What I found most compelling about Hub is their continued growth and strategy to provide the highest quality of employee benefits and pension solution to clients," said Mr. Doyle. "We are excited to help in this effort as we will provide clients with greater support while building an enhanced service experience for them."

This acquisition is one of several made in recent months as Hub’s pursues its strategy to expand its presence in the Canadian employee benefits space. Earlier this week, Hub also announced the acquisition of a Saskatoon based firm.