Global insurance broker Hub International Limited has acquired Vestas Financial Services Firm Inc.
Located in Montreal, Quebec, Canada, Vestas is an independent firm providing commercial and personal insurance with a focus on various industries, in particular, construction and design professionals, which complements Hub’s own specialty practices.
Terms of the transaction were not disclosed.
Phillipe Monette, president of Vestas, and Senior Vice Presidents Martin Brodeur and Patrice Gravel will join Hub International Quebec Limited.
Hub has been active in Canada thus far this year. In early March, Hub acquired LSM Insurance Services, a life and health agency headquartered in Markham, Ontario. In February, it acquired the assets of employee benefits consultant Azur Consulting Services located in Longueuil, Quebec. And in January, it bought personal and commercial lines agencies RHC Insurance Brokers and RHC Insurance Brokers, which are headquartered in Nelson, British Columbia.
Headquartered in Chicago, Illinois, Hub International has more than 12,000 employees throughout North America.
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