Hub International acquires Meyers Glaros to strengthen Midwest presence

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, has announced its acquisition of GMG Group, Inc. and its subsidiary, Meyers Glaros LLC. Although the financial terms of the transaction were not disclosed, this strategic move significantly enhances Hub’s operational scope in the Midwest region, particularly in Merrillville, Indiana, where Meyers Glaros is based.

Strategic Acquisition to Boost Regional Services

Meyers Glaros, one of the oldest independently owned insurance brokerages in the region, has built a robust reputation for its comprehensive offerings in commercial and personal insurance, as well as employee benefits services. This acquisition not only expands Hub’s geographical footprint but also integrates Meyers Glaros’s extensive expertise and client-centric services into Hub’s broader portfolio.

Caroly Hofstee, President and CEO of Hub Midwest East, expressed enthusiasm about the integration: “Meyers Glaros has a strong reputation in the market, and we are excited to have them join Hub. From their high-performing sales team of specialists to their strong relationships with top insurance providers, they will help us continue to advance our growth strategy in the region.”

Leadership and Team Integration

The transition will see Meyers Glaros’s Managing Partners, Matt Glaros and Jeff Meyers, along with their team, join Hub Midwest East. This integration underscores Hub’s commitment to leveraging local expertise while providing a platform for expanded client services and internal growth opportunities.

Matt Glaros highlighted the strategic fit of the acquisition: “Hub is the perfect strategic partner for us as we look to accelerate our growth into the future. Joining Hub will give our clients and employees greater resources, expertise, and opportunities.”

Broader Implications for Hub’s Market Position

With this acquisition, Meyers Glaros will be referred to as Meyers Glaros LLC, a Hub International company. The move is part of Hub’s ongoing strategy to strengthen its market presence across North America and enhance its service offerings in key regional markets.

Hub International, headquartered in Chicago, Illinois, is a global leader in insurance brokerage and financial services. The firm boasts over 17,000 employees and a network of offices across North America, offering a wide range of risk management, insurance, employee benefits, retirement, and wealth management products and services.