A South Bend-based financial advisory firm has made some operational changes. The Healy Group says it has sold its employee benefits division to HUB International Limited, an insurance brokerage firm based in Chicago.
Financial terms of the deal were not disclosed.
Healy said the acquisition was a mutually agreed-upon decision by all the Healy Group owners.
“Our decision was based on what was best for our employees and clients,” said Rich Preuss, Healy Group president and owner.
Preuss says the former Healy employees will remain in the building as HUB International workers.
The South Bend company said its other divisions, Healy Financial, Healy Insurance, Healy Mortgage, and Healy Tax will continue to operate under the Healy Group umbrella and the staff will remain.
Since the beginning of March, HUB has acquired no fewer than eight other firms or their benefits units.