Insurance brokerage Hub International Ltd. has acquired the assets of Pennsylvania-based employee benefits firm Irus Corp.
Terms of the deal were not disclosed.
In connection with the deal, some Irus employees will become part of the Hub’s Northeast Ltd. team and will move into Hub’s existing office in Blue Bell, Pennsylvania. Frank Spezzano, president of IRUS, will join Hub as part of this acquisition.
Irus’ client base includes southeastern Pennsylvania and southern New Jersey, with a large concentration in private schools and other educational institutions.