Hub International Limited acquires assets of Flexible Benefits Plans, Inc. to enhance employee benefits and general agency services in Pennsylvania
Acquiring Company
Hub International
Acquired Company
Flexible Benefits Plans
ChicagoSchuylkill TownshipProfessional ServicesFinancial ServicesHealth CareEmployee BenefitsRisk ManagementInsuranceHuman ResourcesEmployee BenefitsDescription
Hub International Limited, a leading global insurance brokerage and financial services firm, has acquired the assets of Flexible Benefits Plans, Inc. (FBP) based in Valley Forge, Pennsylvania. This acquisition will enhance Hub's Employee Benefits footprint in the Philadelphia marketplace and strengthen its industry expertise in the region.
Quick answer
Hub International is acquiring Flexible Benefits Plans, announced September 5, 2024. Hub International is based in Chicago, Illinois, United States.
- How much did Hub International pay for Flexible Benefits Plans?
- The deal value was not disclosed.
- What does Hub International do?
- Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.
- Where are Hub International and Flexible Benefits Plans based?
- Hub International is based in Chicago, Illinois, United States. Flexible Benefits Plans is based in Schuylkill Township, Pennsylvania, United States.
- Who are the decision-makers at Hub International?
- Fundz holds 3 contacts at Hub International. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Professional Services and Financial Services
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Hub International Limited acquires Insurance Management Company to strengthen commercial insurance and risk management capabilities (August 6, 2024)
- The Standard to acquire Allstate’s Employer Voluntary Benefits business for approximately $2 billion and enter into a product distribution partnership, $2B (August 13, 2024)
- Republic Financial completes acquisition of SLP Financial, expanding product portfolio with mortgage protection services (October 9, 2024)
- HUB International strengthens retirement and private wealth services with acquisition of Creative Financial Strategies, LLC in South Carolina (October 7, 2024)
- PCF Insurance Services acquires insurance business of Kentucky Health Solutions to expand insurance solutions (August 29, 2024)
- Ryan Specialty signs definitive agreement to acquire US Assure Insurance Services (August 1, 2024)
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Frequently asked
Who acquired Flexible Benefits Plans?
Flexible Benefits Plans was acquired by Hub International, based in Chicago. The deal was reported on September 5, 2024. Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. Hub International is privately held and operates in Professional Services.
When did Hub International acquire Flexible Benefits Plans?
Hub International's acquisition of Flexible Benefits Plans was reported on September 5, 2024. Hub International Limited, a leading global insurance brokerage and financial services firm, has acquired the assets of Flexible Benefits Plans, Inc. (FBP) based in Valley Forge, Pennsylvania. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Flexible Benefits Plans do?
Flexible Benefits Plans, Inc. is dedicated to helping our clients and brokers navigate and manage their employee benefit portfolios. It is privately held, operating in Human Resources, and is based in Schuylkill Township.
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