The deal is in line with Hub’s strategy to grow both through acquisitions and organic means. Credit: Fit Ztudio/Shutterstock.

Hub International, a US-based insurance brokerage, has strengthened its employee benefits business through the acquisition of McClements Insurance Services’ assets.  

Financial details of the transaction were not revealed.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

McClements Insurance Services specialises in providing solutions for employee benefits and human resource compliance to large employers. 

It serves customers across southern, central and northern California. 

The McClements team will now become part of Hub Central and North California, operating under the name McClements Insurance Services, a Hub International company. 

MarshBerry provided financial advisory services to McClements Insurance Services for the deal. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Hub central & northern California president and CEO Darren Caesar said: “We are excited to have the McClements team’s expertise on our team. Adding them to our team further enhances the services we offer to clients regarding their complex employee benefit matters.” 

The latest transaction is in line with Hub’s strategy to grow both through acquisitions and organic means, aiming to broaden its geographic reach and product expertise.  

It is the latest in a series of recent acquisitions by Hub, which include the purchase of Integrated Benefits Group in Massachusetts and Wyatt Insurance Services’ assets in Tennessee. 

The deals enhanced its offerings in employee and group benefits insurance, as well as commercial and personal insurance, risk management and employee benefits. 

Earlier this month, Hub also acquired the assets of Skinner & Company in Georgia, which specialises in commercial insurance and risk management services, particularly in the construction sector.