Hub Financial acquires Canada MGA group BridgeForce
Hub Financial has acquired Achievex Financial Services, W.C.S Financial Services, W.C.S. Achievex, Allen Wong & Associates Agency, BridgeForce Financial Group, Cinaber Financial, Ontario East Insurance Agency, and Joseph B. Woodyatt Insurance Agencies, together called BridgeForce Group and based in Ontario.
The acquisition was made by one of the affiliates of Hub Financial and the terms of the deal were not revealed.
According to Hub Financial, the BridgeForce Group firms are Canadian-owned and operated managing general agencies (MGAs).
Andrew Fink — Hub Financial President said: “We are thrilled to bring together the two largest independent MGAs in Canada.
“These BridgeForce firms are well-respected MGAs with strong leadership. Their commitment to independence and providing innovative solutions to their advisors make them a perfect fit at Hub Financial.
“We are excited to combine the best of both organizations, which will help us continue to grow and strengthen our capabilities in the market.”