Hub buys Canadian brokerage

Hub International Ltd. has acquired Canadian brokerage Seymour Alper Inc., Hub said in a statement Wednesday.

Terms of the transaction were not disclosed.

Seymour Alper, based in  Mount Royal, Quebec, provides insurance and risk management services for the apparel/textiles, retail, real estate and manufacturing industries, the statement said.

Elliott Alper, president and CEO; Steven Lach, executive vice president; Karla Alper Lach, executive vice president; and Seymour Alper’s 25 employees will join Hub International Quebec Ltd. and report to Stephen Blais, president and CEO of the unit.

The deal “complements and strengthens Hub’s existing specialty practices capabilities,” the statement said.

Hub is the seventh-largest brokerage of U.S. business, according to Business Insurance’s latest ranking. Headquartered in Chicago, it has more than 12,000 employees in North America.