This latest acquisition serves to strengthen Hub’s retirement and wealth management services in New England
Marking its first acquisition in Massachusetts in the new year, HUB International Limited (Hub), has announced its acquisition of the Boston-based Alpha Pension Group, Inc. The brokerage firm acquired two other independent insurance agencies in Massachusetts during 2020, as it continues to expand its geographic footprint throughout the region.
“The Alpha Pension Group’s depth of knowledge and the strong relationships they have been able to develop with their clients will benefit our clients in New England as they continue to seek more transparency and personalized retirement service offerings,” said Shawn McLaughlin, President and CEO of Hub New England.
According to the terms of the transaction, Alpha Pension’s President & CEO, Rich Cawthorne along with CFO Mark Salamone with join Hub New England upon completion of the deal. No further terms of the transaction were disclosed.
Headquartered in Boston, Massachusetts, Alpha Pension Group is a retirement consulting firm that provides investment analytics, fiduciary governance and guidance to corporations and non-profits on retirement planning.
“We are all excited to be working alongside an extraordinary group of highly- committed and talented professionals,” said Mr. Cawthorne. “With Hub, we look forward to continuing to grow our practice and providing our clients with additional resources and services.”
With this latest addition, Hub New England increases its presence throughout the are and will help drive further growth in the brokerage’s retirement and wealth management services. Hub’s RPW division currently manages more than $93 billion in assets.
Hub New England continues to grow its geographic footprint throughout New England
As one of the top insurance brokers both Massachusetts, New England, and the nation, Hub New England continues to expand its geographic footprint here in the Commonwealth. The following is a list of the agencies that Hub International and New England have acquired that have been covered by Agency Checklists:
- Hub Acquires Its Second Massachusetts Agency In 2020 -Baystate Fiduciary Advisors, Inc. (November 17, 2020)
- Hub Acquires Massachusetts-Based Lashua-LaChance & Poliks Insurance Agency, Inc. (May 19, 2020)
- HUB New England Acquires The Insurance Center of New England (August 6, 2019)
- Dadgar Insurance Acquired By Hub (December 18, 2018)
- HUB New England Announces Two More Acquisitions In Massachusetts (March 13, 2018)
- Hub Acquires FieldEddy (October 2014)
More about Hub International and Hub New England
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.
Since joining HUB in 2000, HUB New England has acquired the strongest partners in the region to expand its programs, specialties and capabilities. The company traces its roots back to some of the most well-known and reputable insurance agencies in the area that operate today as HUB New England. Our business model allows our clients to receive the many benefits of a national network at a local level.