Hub International acquires benefits consultant Laurus Strategies
Reprints
Chicago-based Hub International Midwest, a division of broker Hub International Ltd., is acquiring the assets of Laurus Strategies, an employee benefits, human resource technology and global benefits consulting business also based in Chicago.
Terms of the acquisition, announced Tuesday, were not disclosed.
As part of the deal, Hub will acquire Laurus' employee benefits and human resources technology consulting practices, which will continue to operate under Laurus' ihouse brand, Hub said in a statement.
Laurus' operations will be integrated into Hub's national employee benefits practice, which Hub said will enhance its ability to bring Fortune 500 solutions to the middle market, according to the statement.
“Laurus' ihouse (human resources information system) consulting arm complements Hub's investments in private exchange technology solutions, while Laurus' resources in wellness, underwriting, benefits communications and carrier relationships mirrors the national employee benefits offering Hub delivers,” Hub said in the statement.
Founded in 2003, Laurus focuses on midsize and large, complex Fortune 2000 companies. The firm has more than 130 employees in its Chicago headquarters and three regional offices, and more than 450 clients in the United States, Canada and Latin America.
Chris Cordes, Laurus' managing partner, will join Hub as president and market leader of Hub Midwest, responsible for employee benefits and consulting services. He will report to Hub Midwest CEO Neil Hughes.
The deal is scheduled to close in November.
Read Next
-
Hub International acquires mid-market broker FieldEddy
Hub International Ltd. has acquired the assets of mid-market broker FieldEddy Inc. and its Your Choice Insurance Agency Inc. subsidiary.
