On December 17, 2018, Hub International Ltd announced the acquisition of the employee benefits practice of Rise People Inc. The move is the latest in a series of acquisitions by Hub to grow its presence in the employee benefits and pension market. The company is planning to grow its employee benefits division to $100 million by 2021.
Headquartered in Chicago, Illinois, Hub International Limited (Hub) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services.
Based in Vancouver, Rise offers an online platform of human resources, time tracking, payroll and benefits administration tools to Canadian employers.
Osler, Hoskin & Harcourt LLP acted for RISE with a team consisting of Mark Longo, Jacques Du Plessis (Corporate), Shaun Parker (Employment and Labour) and Colena Der (Tax).