Hub International Acquires the Assets of Illinois-Based Forest Financial Group, Inc.

Business Wire

CHICAGO--(BUSINESS WIRE)-- Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Forest Financial Group, Inc. (FFG). Terms of the acquisition were not disclosed.

Based in Lake Forest, Illinois, FFG specializes in providing a service-oriented approach to employee benefits consulting. FFG was founded in 1998 by Nicholas T. Gialamas, President and CEO. He will join Hub Midwest-West as Area President, where he will continue to manage and grow the business acquired from FFG, and report to Neil Hughes, President and CEO, Hub Midwest-West.

“This acquisition represents the culmination of a lot of hard work by a team of professionals who worked diligently every day in growing FFG to be one of the most respected brokerage firms around,” stated Gialamas. “The long tenure of our client base is a strong testimonial that we’ve been doing things right and not only will our brand of customer service continue, with the support of Hub’s expansive resources and product offerings, we are able to offer our loyal clients additional high quality services.”

Hughes added, “We have added tremendous talent to the Midwest operations the last couple years, and Nick and his associates will be another great addition to our team. They have a proven track record of success and a fabulous reputation in the brokerage community. They will certainly help Hub in our goal to be the best integrated brokerage firm in the Midwest.”

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.