Hub International acquires Texas-based Gus Bates Insurance & Investments

Hub International, a global insurance brokerage, has acquired the assets of GBC Benefits d/b/a Gus Bates Insurance & Investments (Gus Bates I&I ) for an undisclosed price.

Based in Texas, Gus Bates I&I offers retirement plan services, employee benefits, property and casualty, and personal lines insurance.

Martin Yung – President of Hub Texas said: “We’re excited to welcome the Gus Bates I&I team to Hub.

“With their joining, we will enhance our services to clients by providing them added guidance and resources to help them navigate both the insurance and retirement worlds.”

Gus Bates, the CEO of Gus Bates I&I, and Matt Morris, the President of Gus Bates I&I, will join Hub Texas and report to Martin Yung.

Gus Bates said: “We look forward to joining Hub Texas and are so excited for the opportunity this brings not only for our customers, but for our employees. It is a match made in heaven.

“This is a tremendous opportunity to expand our business, drive continued growth and bring additional tools, resources and expertise to our clients.”