HUB International Limited announced today that HUB International of California Insurance Services, Inc. (HUB California) has acquired substantially all of the assets of E.J. Phelps & Company, Financial and Insurance Services, Inc. (E.J. Phelps), an employee benefits consulting and insurance brokerage firm headquartered in San Diego, California. The E.J. Phelps operation expands HUB California's presence in the San Diego region of Southern California. The new operation will report to Barry K. Moore, executive vice president of HUB California and E. J. Phelps, Phelps' president, will serve as vice president.
"This acquisition is an excellent opportunity to further expand our strong employee benefits capabilities," said Kirk Christ, president of HUB California. "E.J. Phelps brings us successful benefits professionals and adds to our solid presence in southern California."
Founded in 1969, E.J. Phelps has a long-standing tradition of providing high quality employee benefits consultative and brokerage services to its clients, with a special emphasis on the needs of the high tech, construction, education and financial industries.
E. Jack Phelps, commented, "My colleagues and I are enthusiastically looking forward to joining HUB California. HUB is a recognized, well-respected name and their large client base and expertise are valuable resources from which we look to grow the business."
Financial terms of the acquisition were not disclosed.
Headquartered in Chicago, IL, HUB International is a leading North American insurance brokerage that provides a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.
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