Hub International Ltd., a Chicago-based global insurance brokerage, announced that it has acquired the shares of GMS Insurance (SWO) Inc.
Terms of the acquisition were not disclosed.
Based in Kitchener, Ontario, GMS Insurance is an independent benefit consulting firm that services clients in Southwestern Ontario and the greater Toronto area.
“GMS Insurance provides a complete solution for its clients’ retirement and employee benefit needs by bringing expertise and leveraging carrier relationships to guide corporate teams in achieving their plan objectives,” said Hub in a statement.
Hub explained that GMS Insurance engages a number of consultants who specialize in different markets for companies ranging from small start-ups to large national or international corporations.
GMS Insurance will join Hub Ontario, and Jonathan Shantz, president of GMS Insurance, will report to Greg Belton, executive chairman of HUB Ontario.
Source: Hub International Ltd.
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