Hub Acquires Assets of Gateway Financial Affiliated Agency in Pennsylvania

Global insurance brokerage Hub International Limited has acquired the assets of Tenth Dot Benefit Solutions, an employee benefits agency in Pittsburgh that is affiliated with Gateway Financial Group Inc. and does business as Gateway Financial.

Terms of the deal were not disclosed.

Following the transaction, Hub will operate the business as Gateway Benefits, a division of Hub International.

Tony Perricelli, founder and president, will join Hub’s wholly-owned affiliate, The HDH Group Inc. as executive vice president. Bill Gallagher, managing consultant, will join Hub/HDH as market leader, senior vice president of the combined Employee Benefits practice. Both Perricelli and Gallagher will report to Tony Kocis, president of Hub/HDH.