Hub International Acquires The Assets Of Wisconsin-Based Integrated Risk Solutions, Inc.
Chicago, IL — Hub International Limited (Hub announced that it has acquired the assets of Integrated Risk Solutions, Inc. (Integrated Risk). Terms of the transaction were not disclosed.
Based in Waukesha, Wisconsin, Integrated Risk is a commercial insurance and employee benefits agency specializing in the areas of risk management consulting, commercial insurance brokerage, employee benefits, loss control engineering and claim management. Integrated Risk has advised on compliance and risk management issues for clients in the construction, manufacturing, transportation, hospitality, retail and public entity industries, which support Hub’s Specialty practices by strengthening Hub’s existing solutions.
“Integrated Risk is a great fit for Hub. Its strategic focus, deep industry expertise and talented leadership team complement our model and enhance our capabilities in Wisconsin,” said Lerone Sidberry, Chief Executive Officer, Hub Midwest. “The Integrated Risk team brings a very consultative approach to property and casualty, employee benefits and risk management consulting that will best address the unique industry risks and issues our clients face every day.”
Tom Precia, President, CEO and Co-Founder of Integrated Risk, and Pete Aisbet, Executive Vice President and Co-Founder of Integrated Risk, will join Hub Midwest and report to Mr. Sidberry. Mr. Precia will assume the role of CEO, Wisconsin Operations.
“We’re thrilled to be joining Hub,” said Mr. Precia. “Hub is as passionate about serving the unique risk of key industries as we are – investing in resources, developing proprietary products and understanding current and emerging risks with specialized industry knowledge. This partnership enables us to deepen our relationship with our clients and insurance carriers. We look forward to working together to provide valuable solutions to help clients manage their risks.”