AUB Group, previously known as Austbrokers Holdings, has announced the acquisition of integrated rehabilitation and disability employment services provider CIM Group.

The purchase was made by AUB’s equity partner Altius Group, in which the broker network acquired a 60% stake at the start of this year.

The additions come under AUB’s strategy to diversify into risk services.

“I’m pleased to highlight this bolt-on acquisition in our risk services division,” AUB Group CEO and MD Mark Searles said. “The addition of Queensland-based CIM Group supports our ambition of national coverage.

“This expansion of our ability to provide risk services is a win for our partners and especially clients.”

CIM Group, incorporating CIM Employment and CIM Health has more than 20 employees across six Queensland locations.