Hub International Limited today announced that it has acquired Saskatoon-based employee benefits consulting firm, Regency Advisory Corporation.
The company says the move is part of its strategy to assemble best-in-class capabilities and talent to offer Canadian clients a complete employee benefits and pensions solution. Hub says building its Canadian employee benefits and pension capabilities has been and remains a central tenet in the company’s strategy since the company launched the initiative back in 2018.
In January 2019, the company said it has a goal to achieve more than $100-million in commission fees by 2021. As of January 2019, the company said it had acquired 13 Canadian brokerages, increasing fee revenue to more than $50-million.
“We continue to build on our efforts to add talented organizations like Regency to boost our employee benefits and pension capabilities in Canada,” says Keith Jordan, president and CEO of Hub International Manitoba Limited. “Regency has been involved in many facets of employee benefits and will be a great collaborator.”
Regency’s CEO and executive benefits consultant, Darwin Forbes and Regency vice president, Ian DeCorby will both join Hub Manitoba. Terms of the transaction were not disclosed.