Hub International announced March 2 that it has acquired the shares of Kitchener, Ontario-based GMS Insurance. Terms of the acquisition were not disclosed.
GMS Insurance is an independent consulting firm that provides retirement and employee benefit solutions. The firm engages a number of consultants who specialize in different markets for companies ranging from small start-ups to large national or international corporations.
Will join Hub Ontario
GMS Insurance will join Hub Ontario and Jonathan Shantz, President of GMS Insurance, will report to Greg Belton, Executive Chairman of HUB Ontario.
To learn more about Hub International’s growth strategy, consult this article Hub aims to double its size in Canada, from the October issue of The Insurance and Investment Journal.