CHICAGO, Oct. 6, 2017 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Banyan Consulting Group, Inc. (Banyan). Terms of the acquisition were not disclosed.
With offices in Greensboro, Raleigh and Charlotte, North Carolina, Banyan specializes in employee benefits. Alan Overbey, CEO of Banyan, will join HUB Carolinas. With the Banyan acquisition, HUB Carolinas will be serving clients in North and South Carolina with a total of 12 regional offices.
"We're excited to have Banyan join and strengthen our HUB Carolinas benefits operations," said Tommy Suggs, President of HUB Carolinas. "Alan and his team have done an outstanding job building a special firm whose primary focus will remain the clients' success."
Overbey added, "Banyan's culture focuses on doing what's right for the client every single time. Hub's reputation and operating philosophy were critical factors in our decision to join the Hub team and our partnership honors our long-standing commitment to our clients, their employees and our culture."
About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com.
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SOURCE Hub International Limited