HUB International Limited (Hub), is picking up in 2022 right where it left off in terms of its acquisition and organic growth strategy.
The Chicago-based full-service global insurance brokerage and financial services firm announced today that it has acquired Raffa Financial Services, Inc., an insurance and employee benefits brokerage and consulting firm serving the greater Maryland, Virginia, and Washington, D.C. area. The terms of the transaction were not disclosed.
Headquartered in Rockville, Md., Raffa Financial Services provides employee benefits, executive benefits, retirement plan advisory services, risk management, and individual financial and insurance planning.
“Raffa Financial Services is a great addition to Hub,” said Joe Brown, President, DC Metro region, Hub Mid-Atlantic. “Their stellar reputation, coupled with their market-leading employee benefits and retirement expertise, will strengthen our ability to serve our clients in the region.”
Steve Heger, President of Raffa Financial Services, Jon Zeisler, Vice President of Group Benefits, and October 2020 Top Advisor by Participant Outcomes (TAPO) recipient Eduardo Gimenez, Vice President of Retirement Plan Services, and their team will join Hub Mid-Atlantic.
“We look forward to working with our new colleagues to expand Hub’s employee benefits and retirement advisory capabilities and provide clients with a unique platform of products and services that distinguishes Hub,” said Heger.
“We are thrilled to welcome the Raffa Financial team to Hub,” said Joe DeNoyior, National President of Hub Retirement and Private Wealth. “Their focus on delivering complete solutions for their clients to become an employer of choice and getting employees retirement ready is a great fit for our team.”
Hub announced several acquisitions in 2021, adding fuel to what’s been a red-hot retirement plan practice M&A market. Hub now boasts more than 13,000 employees in offices located throughout North America. For more details on Hub’s M&A experience, visit WeAreHub.com.
SEE ALSO:
• HUB RPW Buys Retirement Plan Advisory Firm GRP Financial California
• M&A Mania: HUB Buys Another 401k Plan Practice
• HUB International Buys 401k Firm Epstein Financial
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.