MarshBerry Congratulates Horan’s Sale to Hub International Limited

June 13, 2023

Woodmere, OH, June 13, 2023 – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, congratulates HORAN Health, the Employee Benefits divisions of HORAN, on their sale to Hub International Limited (Hub). MarshBerry served as the exclusive financial advisor to HORAN on the transaction which closed on June 1, 2023.

HORAN is one of the largest privately held insurance and financial services organizations in the Cincinnati Tri-State area. HORAN Health provides employee benefits solutions to more than 650 small and mid-size companies, covering thousands of lives. HORAN Health serves both corporate and individual clients in 48 states. HORAN Health’s team of nearly 120 employees in Ohio and Northern Kentucky will join Hub to create a new regional hub to be called Hub Heartland.

“MarshBerry proudly represented HORAN on its sale to Hub. HORAN is a long-time client and member of Connect, that was interested in exploring the various paths available to them to help perpetuate their firm,” said Phil Trem, MarshBerry President – Financial Advisory. “MarshBerry’s unique value proposition allows us to help firms of various sizes and composition evolve their business and choose the path that’s right for them. We are confident HORAN and Hub are a terrific combination and will continue to serve their constituents for all their benefit strategies.”

Terms of the transaction were not disclosed.

MarshBerry remains the number one sell-side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on more than 1,100 merger & acquisition transactions which is approximately 25% of the total announced transactions reported by S&P Global Market Intelligence that involved an advisor.

Helping Clients Learn, Improve & Realize Value

Founded in 1981 and established a European footprint in 2019, MarshBerry serves the insurance distribution and wealth management industries including insurance agents & brokers, specialty distributors, private equity firms, and wealth management firms. MarshBerry’s industry-specific services help clients build, enhance and sustain value through Financial Advisory solutions (Investment Banking; Merger & Acquisition Advisory; Business Planning), Growth Advisory solutions (Organic Growth, Aggregation, Leadership, Sales & Talent Solutions), and Market Intelligence & Benchmarking.

About HORAN

For 75 years, HORAN has served as an independently owned trusted advisor providing dedicated service, support, and partnership in employee benefits and retirement plan consulting, wealth management and life insurance for estate and business planning. The company is headquartered in Kenwood, OH and operates regional offices in Columbus, Dayton, and Northern Kentucky. The HORAN Wealth division was not part of the transaction and will continue to independently serve individual and corporate clients in the areas of retirement, investment advising, life insurance, financial planning, and social security under the leadership of current President and Chief Executive Officer, Terence L. Horan, CLU®, ChFC®, CAP®.

Investment banking services offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Co., LLC.