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Industry Spotlight > Broker Dealers

Broker Scoops Up Benefits Firm

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Hub International Ltd. has acquired the assets of Employee Benefit Specialists Inc.[@@]

Hub, Chicago, is a large insurance broker.

Employee Benefit, Denver, is a benefits brokerage firm that generated $2.2 million in revenue in 2004.

The price of the deal was not immediately available.

Hub will be adding Employee Benefit to its Hub International Southwest region, and Alan Curtis, the chief executive of Employee Benefit, will run the Hub Southwest benefits practice, according to Hub.