Hub International announced Dec. 17 that it has acquired the employee benefits practice of Vancouver-based Rise People Inc. (Rise).
Hub also announced that it will collaborate with Rise People to bring Rise’s human resources, time tracking, payroll and benefits administration solution to Hub's employee benefits clients in Canada.
Rise decided to sell its employee benefits practice to Hub and focus on accelerating the development of its integrated platform for simplifying administration and increasing employee engagement.
Hub says acquiring Rise’s employee benefits practice is aligned with its strategy to “assemble best-in-class capabilities and entrepreneurial talent across Canada.”
Jesse McNeil, Director of Group Benefits at Rise People, will join Hub TOS reporting to Faizal Mitha, Chief Innovation Officer of Canadian Employee Benefits at Hub.
Terms of the transaction were not disclosed.