CHICAGO--(BUSINESS WIRE)--Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Tenth Dot Benefit Solutions, LLC d/b/a Gateway Financial (Gateway Benefits), an employee benefits agency affiliated with Gateway Financial Group, Inc. (Gateway Financial Group). Terms of the deal were not disclosed. Following the transaction, Hub will operate the Gateway Benefits business as a new division referred to as “Gateway Benefits, a division of Hub International.”
Based in Pittsburgh, Pennsylvania, Gateway Benefits specializes in providing employee benefits consulting and brokerage services. Tony Perricelli, founder and President, will join Hub’s wholly-owned affiliate, The HDH Group, Inc. (Hub/HDH) as Executive Vice President. Bill Gallagher, Managing Consultant, will join Hub/HDH as Market Leader, Senior Vice President of the combined Employee Benefits practice. Both Perricelli and Gallagher will report to Tony Kocis, President of Hub/HDH.
“I am very excited about the synergies we will create between the Hub/HDH and Gateway Benefits teams,” noted Kocis. “Gateway Benefits offers a broad array of consulting and brokerage services and is known throughout Western Pennsylvania as well as nationally for their health and wellness expertise, innovative absence management approaches, and proprietary application of employee benefit sourcing techniques and software. This expertise, combined with Hub/HDH’s current employee benefits practice is consistent with our goal of being the number one employee benefits consulting organization in Western Pennsylvania.”
David Malone, President and CEO of Gateway Financial Group, and his team, pursuant to a mutual consulting relationship with Hub/HDH, will continue to work with Gateway Benefits and Hub/HDH for the ongoing development and support of existing and new employee benefit clients.
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com.