Hub International Limited (Hub), a leading insurance brokerage firm, announced on Monday that it has acquired the assets of Workplace Benefit Solutions, LLC (WBS) a Manchester, New Hampshire-based employee benefit brokerage and consulting firm. Terms of the acquisition were not disclosed.
In connection with this acquisition, WBS will become part of Hub International New England (Hub New England). The employees will remain in their existing office in Manchester, adding another strategic location for Hub New England in the region. David Larrivee, Principal Consultant and Founder, and Tom DeLacey, Principal Consultant, will join Hub as part of this transaction, reporting to Michael S. Chapman, Chief Sales Officer, Hub New England.
Founded in 2001, WBS is an employee benefits advisory firm that works primarily with mid to large size companies throughout New England. WBS is known for building innovative employee benefits programs for the healthcare industry and public sector, working with several of New England’s largest healthcare providers and various municipalities including unions and government officials of cities and school districts in the region. Their seasoned staff consists of employees with an average of 25 years of experience in their selected discipline.
“We are pleased to welcome David, Tom and the entire team at Workplace Benefit Solutions to Hub,” said Charles J. Brophy, President, Hub International New England.
“Their proven track record of success, depth of expertise and knowledge of the employee benefits arena, made them a great choice for us. Given their specialties in the healthcare and public sector industries, which are some of the areas we concentrate in on the property & casualty side, there will be many opportunities for us to now serve all of the insurance and risk management needs of their customers as a full-service brokerage," he said.
“The team at WBS looks forward to the opportunity of being a part of Hub International New England,” said David Larrivee, Principal Consultant, Workplace Benefit Solutions.
“Together, as one of New England’s largest insurance brokerages, this partnership will allow us to continue to provide innovative solutions to our clients and prospects alike, and enable us to add more value through additional tools and resources available from Hub International, which will add stability to our client base in an unpredictable market.”