Overview of Transaction

• Based out of Melville, NY; Creative Business Solutions Group is a retail brokerage specializing in group benefits and ancillary lines. 

• CBSG’s President engaged Mystic Capital to evaluate several strategic options, ultimately deciding on selling the business to HUB International.

• CBSG offers a comprehensive range of tailored employee benefit solutions across a wide array of local, main street industries. The transaction allows HUB to quickly capture synergies by cross-selling CBSG’s rapidly growing, loyal benefits clients and further expanding its geographic footprint.

Significance of Transaction

• The sale to HUB International will allow Creative Business Solutions to materially expand its product, technology, and market access; offering the opportunity to cross-sell HUB’s high-net-worth clients and provide immediate revenue arbitrage in both commission rates and contingent income.
• With the addition of CBSG, HUB International gains a growing, low-risk book of business along with an attached young, yet experienced producer who possesses a strong reputation through the tri-state marketplace which will contribute to an above-average retention rate and referral business.
• Together, the firms could see future expansion opportunities through the strategic and geographic growth of each firm’s nationally recognized specialty practices.

Mystic Capital’s Advisor Role

• Mystic Capital was engaged by Creative Business Solutions Group and its President to reposition the Company for the next chapter of its growth. Collectively, several strategies were evaluated before concluding with a sale to HUB International.

• This transaction underscores Mystic Capital’s deep group benefits and insurance expertise, as well as our long-term trusted relationship with best-of-class investors.