Hub International, a Chicago-based global insurance brokerage and financial services firm, has acquired the assets of Bridgecreek Investment Management, a Tulsa, Oklahoma-based firm managing $1 billion.
Terms of the transaction were not disclosed.
Bridgecreek co-founders Chuck Fuller and Brian Carney, who serve as the firm’s CEO and chief investment officer, respectively, will join Hub Mid-America along with their team.
"Chuck, Brian and the Bridgecreek team bring a focus on wealth management that is a critical component as we grow and focus on providing enhanced capabilities around portfolio management," Joe DeNoyior, president of Hub Retirement and Private Wealth, said in a statement.
Hub’s recent acquisitions include Northern California-based Quintes Financial Services and Quintes Administrative and Insurance Services Inc. in October; the assets of Direct Advisors, a Latham, New York-based benefit plan consulting firm and third-party administrator, in September; a $2.3 billion RIA, WealthPlan Advisors in Scottsdale, Arizona, in August; and CSi Advisory Services, an Indianapolis-based retirement plan consulting firm managing $1.1 billion, in June.
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