Hub Worldwide Ltd. has enhanced its private, business and worker advantages providers with the acquisition of Ontario brokerage Mitchell Sandham.
Positioned in Oakville, Ont., Mitchell Sandham is likely one of the oldest and largest independently owned insurance coverage brokerages within the Higher Toronto Space, Hub mentioned in a press launch Monday asserting the deal. The acquisition contains Mitchell Sandham Inc. and its subsidiary, Mitchell Sandham Group Advantages Inc. (collectively, Mitchell Sandham).
The brokerage affords private insurance coverage (residence and auto, life and incapacity, and CAA membership), enterprise insurance coverage (together with business auto and fleet, surety bonding, hospitality, and insurance coverage for graphic designers, non-profit organizations and regulation corporations, amongst others) and worker advantages (group insurance coverage, group retirement and particular person insurance coverage).
“Mitchell Sandham has a powerful popularity available in the market for delivering excellent shopper service and constructing a high-achieving gross sales crew,” Hub Ontario president Susan Murphy mentioned within the launch. “We’re excited to have them be a part of Hub. They’ll assist us proceed to advance our development technique within the area.”
Mitchell Sandham CEO Aaron Nantais mentioned after experiencing ‘distinctive development’ over the previous 10 years, the brokerage started the 12-month journey to discover a strategic associate to assist speed up future development. “Becoming a member of Hub will give our shoppers and staff enhanced assets and experience, together with a broader geographical attain throughout Canada and the U.S.”
Phrases of the acquisition weren’t disclosed.
Nantais, chief working officer Ryan Mitchell, companions and vice presidents Michael Daou and Trevor Waldron, Mitchell Sandham Group Advantages & Retirement CEO Chris McFarland, and the Mitchell Sandham crew will be a part of Hub Ontario.
Mitchell Sandham will do enterprise as Mitchell Sandham Insurance coverage Brokers, a Hub Worldwide firm. The brokerage started with the founding of Bick and Gollings Insurance coverage Brokers in 1966 by Roland Gollings. In 1995, Peter S. Mitchell and Norm Sandham merged their corporations to create Mitchell Sandham.
Along with increasing its private and business insurance coverage choices, this newest transaction provides to Hub’s worker advantages choices.
Hub ended 2023 with the acquisition of two Alberta benefits firms: JRP Monetary Companies, Inc. and the shares of The Musgrave Group. With six workplaces throughout Canada, Calgary-based JRP makes a speciality of worker advantages, pension planning and human assets. The Musgrave Group is predicated in Canmore, specializing in custom-made worker well being advantages applications for small- and mid-size corporations.
Function picture by iStock.com/Wasan Tita
