Hub acquires BenefexBy The IJ Staff | February 04 2020 02:00PM
Hub International announced Feb. 4 that it has acquired Benefex Consulting, an Alberta-based employee benefits and retirement consulting firm.
Benefex currently serves clients in British Columbia, Alberta, Saskatchewan, Ontario, and the Yukon and Northwest Territories. Terms of the transaction were not disclosed.
Wade Cox, Kyle Stinson and Brad Seib, Principals at Benefex, will join Hub International Insurance Brokers, a division of Hub International Canada West ULC (Hub Canada West).
"We are excited to add another dynamic firm to our expanding employee benefits platform," said Kevin Rome, President of Employee Benefits, Hub Canada West. "The Benefex team has a long-standing reputation of excellence in the Alberta benefits marketplace. Their commitment to client service and tenacity in supporting their clients' interests align very well with our core values. Their experience in providing advice and mitigating risks make them a great addition to our Hub Canada West team."
This acquisition is one of several made by Hub International in recent months as it pursues an expansion strategy in the Canadian employee benefits space.