HUB International Acquires Massachusetts-Based Alpha Pension Group, Inc.
- January 13, 2021
CHICAGO -- HUB International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired Alpha Pension Group, Inc. Terms of the transaction were not disclosed.
Headquartered in Boston, Massachusetts, Alpha Pension Group is a retirement consulting firm that provides investment analytics, fiduciary governance and guidance to corporations and nonprofits on retirement planning. Alpha Pension Group was represented by the consulting firm Wise Rhino Group for the transaction.
"The Alpha Pension Group's depth of knowledge and the strong relationships they have been able to develop with their clients will benefit our clients in New England as they continue to seek more transparency and personalized retirement service offerings," said Shawn McLaughlin, President and CEO of Hub New England.
Rich Cawthorne (President & CEO) and Mark Salamone (CFO) will join Hub New England.
"We are all excited to be working alongside an extraordinary group of highly- committed and talented professionals," said Mr. Cawthorne. "With Hub, we look forward to continuing to grow our practice and providing our clients with additional resources and services."
This move continues to strengthen Hub's retirement and wealth management services with the addition of talent and resources to develop more comprehensive strategies for clients. Hub RPW works to help plan sponsors create an offering that aligns with their business strategy, navigates fiduciary risk and helps employees pursue their financial goals. Hub RPW manages more than $93 billion in assets.