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 FLORENCE WRITER
FLORENCE STAFF WRITER The FLORENCE STAFF WRITER represents the experienced team at HEREFlorence.com, your go-to source for actionable local news and information in Florence, Florence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Florence Festival of Lights, Pee Dee Pride, and agricultural expos at the Florence Center. Our coverage extends to key organizations like the Florence Regional Chamber of Commerce and the Pee Dee Area Council of Governments, plus leading businesses in healthcare and retail that power the local economy such as McLeod Health and Pee Dee Electric Cooperative. As part of the broader HERE network, including HERECharleston.com, HEREColumbia.com, HEREGreenville.com, and HEREHiltonHead.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
