News Summary
HUB International has acquired Clarke & Company Benefits, enhancing its presence in South Carolina, especially in the Midlands region. This acquisition allows HUB to offer improved services and resources while continuing its growth strategy through multiple offices located in cities like Columbia and Greenville. The firm, having completed 221 acquisitions recently, aims to solidify its market position and expand service capabilities for clients across the state.
South Carolina
HUB International, a global insurance brokerage and financial services firm based in Chicago, has announced its acquisition of Clarke & Company Benefits, a Columbia-based provider of employee benefits and insurance services. This strategic move marks a significant expansion for HUB in South Carolina, particularly enhancing its operations in the Midlands region.
Clarke & Company Benefits operates multiple offices in South Carolina, including locations in Columbia, Greenville, and Florence. By integrating Clarke’s operations, HUB aims to bolster its presence across the state and offers enhanced resources and services to its clients. This acquisition aligns with HUB’s ongoing strategy to expand its Arkansas portfolio and service capabilities through both organic growth and acquisitions.
Prior to acquiring Clarke & Company, HUB International completed other acquisitions, including the Sadler Insurance Agency and Creative Financial Strategies. The firm has been diligent in expanding its footprint in South Carolina, currently employing more than 100 professionals across its various offices in cities such as Myrtle Beach, Bluffton, Greenville, Florence, and Charleston.
According to industry analysts, South Carolina holds significant importance for HUB’s strategic operations. The firm’s leadership has expressed interest in pursuing additional acquisition opportunities to further enhance its market reach and service offerings within the state.
The recent acquisition comes as part of HUB’s broader growth initiative, which has seen the firm complete 221 acquisitions over the past three years, generating an impressive $794 million in annualized revenue. With over 600 offices now worldwide, HUB International continues to solidify its position as a leader in the insurance brokerage sector.
Clarke and Company’s president sees the acquisition as a positive development that will provide existing clients with access to a greater array of resources and services. Additionally, it presents growth opportunities for the employees of Clarke & Company as they integrate into the larger HUB framework.
HUB International offers a wide range of services that include commercial and personal insurance, employee benefits, and retirement and wealth management services. This diverse offering allows the firm to cater to a broad clientele while reinforcing its commitment to quality service delivery.
Tommy Suggs, the chairman of HUB Carolinas and the Midlands market leader, characterized the acquisition of Clarke & Company as a strategic asset both for the Midlands region and for HUB’s operations in South Carolina as a whole. This acquisition not only strengthens the firm’s presence but also enhances its ability to serve the needs of clients more effectively in a competitive market.
The insurance industry has been witnessing patterns of consolidation and growth, and HUB’s recent activity reflects a larger trend towards increasing market share through strategic acquisitions. As HUB International continues to grow and adapt, it remains focused on leveraging its expanded capabilities to benefit clients and employees alike.
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Author: STAFF HERE MYRTLE BEACH
The HERE Myrtle Beach Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Myrtle Beach community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Myrtle Beach Our team includes lifelong Myrtle Beach residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent developments along the Grand Strand, Myrtle Beach’s tourism and hospitality industry, and growth in local education sectors (e.g., Coastal Carolina University programs). Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Myrtle Beach Area Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
