HUB International Limited began the New Year with a Maryland acquisition.
The aggregator has announced the acquisition of Rockville, Maryland-based Raffa Financial Services, Inc., an insurance and employee benefit brokerage and consulting firm serving the greater Maryland, Virginia and Washington, D.C. area. Raffa provides employee benefits, executive benefits, retirement plan advisory services, risk management and individual financial and insurance planning, according to a Jan. 6 press release. Terms of the agreement were not disclosed.
Steve Heger, President of Raffa Financial Services, Jon Zeisler, Vice President of Group Benefits, Eduardo Gimenez, Vice President of Retirement Plan Services, and their team will join Hub Mid-Atlantic.
“We are thrilled to welcome the Raffa Financial team to Hub,” said Joe DeNoyior, National President of Hub Retirement and Private Wealth. “Their focus on delivering complete solutions for their clients to become an employer of choice and getting employees retirement ready is a great fit for our team.”
Hub International Limited says it is “committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.” They even have a website dedicated to the Hub M&A experience, WeAreHub.com.
