Global insurance brokerage firm Hub International has acquired Denver-based Inter-Mountain Retirement Partners, the last in a round of acquisitions that started Sept. 16, a Hub spokeswoman said. Inter-Mountain, a retirement plan consulting and private wealth firm, serves 249 retirement plans with $4 billion in assets under management. In addition, it has 550 wealth management clients with $210 million in assets, according to Hub.
Terms of the deal were not disclosed.
The acquisition comes on the heels of five acquisitions that Hub closed since Sept. 16, which collectively brought more than $11 billion in assets to Hub's business. The five firms are Washington Financial Group ($2.3 billion in assets), StoneStreet Pearl River ($4.8 billion in assets), EPIC Retirement Consulting Services ($556 million in assets), WhartonHill Advisors ($3.4 billion in assets), and Perennial Pension & Wealth ($110 million in assets).
The six recent acquisitions follow Hub's purchase of Peak Financial Group in March and Sheridan Road Financial in January.
Inter-Mountain's president and CEO Chad Larsen will join Hub's Colorado division as part of Hub's latest transaction.
