The Chicago-headquartered insurance brokerage will boost its private client offering with the deal.

Hub International has acquired the assets of Massachusetts-based Pinnacle, comprising Pinnacle Financial Group and Pinnacle Insurance Agency, for an undisclosed sum.

Pinnacle provides life insurance solutions and services to family offices, ultra-affluent families and middle market and large market companies.

Following the transaction, Pinnacle’s chief executive, Michael Mingolelli, Jr., will join Hub New England where he will report to president and CEO, Charles Brophy.

“We are delighted to have Michael and his partners David Hauptman, Ken Masters and Marc Mingolelli of Pinnacle join Hub New England. Pinnacle is recognized nationally and throughout New England for its expertise in private placement, estate planning and corporate-owned life insurance, and its staff of seasoned professionals will be a welcome addition to our organization,” said Brophy. 

“We are looking forward to expanding Pinnacle’s successful platform throughout our region.”