Hub International Limited brokerage has acquired eBenefits Group, LLC, an employee benefits insurance brokerage firm.
Transaction terms were not released.
Chicago-based Hub said eBenefits specializes in streamlining the purchasing of insurance, administration process and client employee benefit communication. The firm has Connecticut locations in Simsbury and Branford. Those offices will be folded into the operations of Hub International Northeast.
eBenefits generated approximately $3 million in revenue in 2005, Hub said. The group will report to Thomas Mangan, president of HUB Northeast's Benefits Division.
"This is an excellent opportunity to further expand our strong benefits capabilities," said Marc I. Cohen, president and chief executive officer of HUB Northeast, based in New York. "This acquisition brings us successful benefits professionals and a solid presence in Connecticut."
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