As part of its ongoing effort to expand the company’s employee benefits and pensions business, Hub International Limited announced today that is has acquired R Bruce Inc. d/b/a RBI Advisory Group, of Okotoks, Alberta.
The company, RBI Advisory Group, has provided strategic group benefits advisory services to employers and associations for almost 20 years.
Hub says building its Canadian employee benefits and pension capabilities remains a central tenet in the company’s strategy.
Between 2018 when it announced its plans to expand in Canada and January 2019, the company says it acquired 13 Canadian brokerages, established seven new offices and increased fee revenue to more than $50 million. Since then, in 2019, the company has announced a series of other acquisitions, including the acquisition of PDF Financial Group Inc., ProCorp Financial Inc., Regency Advisory Corporation in October alone.
“This move continues to reinforce Hub’s ongoing Canadian employee benefits growth and services strategy to expand its best-in-class employee benefits and pension solution, to address the challenges clients are facing in health and wellness, benefits communications and retirement,” the company said in a statement released Nov. 4.