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Hub International buys assets of Summit Financial, Summit Financial Insurance

Hub International Ltd. has acquired the assets of Summit Financial Corp. and Summit Financial Insurance Agency Inc.

Burlington, Mass.-based Summit provides plan design, consulting, actuarial, administration and investment-related services for qualified and nonqualified employer-sponsored retirement plans, as well as, similar services for employee benefit plans.

Terms of the acquisition were not disclosed.

Summit's leadership team and staff, including President Joe Bonasera, will join Hub and continue to operate out of Summit's existing offices.