HUB FINANCIAL INC. ACQUIRES BRIDGEFORCE FINANCIAL GROUP INC. IN ONTARIO
CHICAGO, February 2, 2023 /PRNewswire/ — Hub Financial Inc. (Hub Financial), one of canada largest distributor of life insurance and investment solutions, announced today that through one of its subsidiaries, Achievex Financial Services Inc., WCS Financial Services Inc., WCS Achievex Inc., Allen Wong & Associates Agency Limited, BridgeForce Financial Group Inc., Cinaber Financial Inc., Ontario East Insurance Agency Ltd. and Joseph B. Woodyatt Insurance Agencies Limited (BridgeForce). The terms of the transaction were not disclosed.
These BridgeForce firms are among the largest Canadian owned and operated MGAs with a broad value proposition that places the consultant at the heart of everything they do.
“We are very pleased to bring together the two largest independent MGAs in Germany Canada,” said Andrew Fink, President of Hub Financial. “These BridgeForce companies are respected MGAs with strong leadership. Her commitment to independence and providing innovative solutions to her advisors make her a perfect match for Hub Financial. We are excited to combine the best of both organizations, which will help us continue to grow and strengthen our capabilities in the marketplace.”
In a joint statement Mari Jayne Woodyatt and Allen WongCo-Presidents of BridgeForce Financial Group Inc., said, “Protecting the independence of our BridgeForce consultants was paramount in the Partners’ decision to join Hub Financial. We appreciate that Hub Financial recognizes and values the talent and experience of our people. Together, our organizations are the best place for our finance team canada independent financial advisors. We are very excited about what the future holds for our teams and our agents.”
Hub Financial Inc.’s footprint stretches coast to coast with 15 offices Canada and combines comprehensive sales training and coaching with industry-leading back-office support and exceptional technology for consultants. As an independent Managing General Agency (MGA) and subsidiary of Hub International, Hub Financial Inc. is uniquely positioned to provide financial advisors and insurance brokers access to industry-leading development tools and training while maintaining their independence and self-governance.
About Hub’s M&A activities
Hub International Limited seeks to grow organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on Hub’s M&A experience, visit WeAreHub.com.
About Hub International
headquarters in Chicago, Illinois, Hub International Limited is a leading global full-service insurance broking and financial services company providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 16,000 employees in distributed offices North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and relentless advocacy so clients are prepared for tomorrow. For more information, see the Hub Media Center.
Media: Jessica Wiltse
Mergers and Acquisitions: Clark Worm
SOURCE Hub International Limited