HUB International Acquires Gemini Group, Inc.
Jan 6, 2009 CHICAGO– Hub International Limited (Hub) announced today that it has
acquired the assets of Gemini Group, Inc. (Gemini), a Denver, Colorado based
employee benefits broker and consultant. Terms of the acquisition were not disclosed.
Geminiís operations will combine with Hub’s existing Denver operations as part of Hub
International Southwest, to create one of the largest employee benefits broker and
consultant in Colorado. The combined employee benefits operations, together with
Hubís existing property and casualty and personal lines brokerage practices in Denver,
will operate from Geminiís current office.
Gemini was formed in 2002 by Rod Regalado, George Issaeff and Danny Talley as a
merger of their individually owned brokerages. Mr. Regalado will now assume
responsibilities as Hubís employee Benefits Practice Leader for Colorado and Messrs.
Issaeff and Talley will continue serving as Senior Consultants and Brokers working
with key clients.
Tom Hartley, President of Hubís Southwest operations, commented that “the addition of
Rod, George and the other Gemini professionals to our Colorado team expands our
prestigious list of clients and significantly strengthens our employee benefits
capabilities. In addition, we look forward to applying the resources of both our
commercial property & casualty and personal lines practices to provide comprehensive
solutions for their clients.” Rod Regalado added, “All of us at Gemini are very excited
about joining Hub International, one of the fastest growing and, we believe, the most
client-focused broker in North America. I look forward to leading the Colorado
employee benefits team in applying expanded service capabilities for clients and
realizing the significant growth opportunities for Hub in the region.”
Headquartered in Chicago, IL, Hub International Limited is a leading North American
insurance brokerage that provides a broad array of property and casualty, reinsurance,
life and health, employee benefits, investment and risk management products and
services through offices located in the United States and Canada.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hub
International. For more information on Mystic Capital, please contact Kevin W. Smith
at 704-366-2153 or visit www.mysticcapital.com.