Hub International Ltd has bought the assets of Harmony Insurance Ltd, a Hinton, Alberta-based provider of commercial lines insurance for small businesses and personal insurance solutions. The deal’s financial terms were not released. Hub, a Chicago-based insurance brokerage with significant operations in Canada, has been a portfolio company of U.S. private equity firm Hellman & Friedman since October 2013. Last year, Hub acquired several Canadian businesses, including Cortex Financial Inc, Gamble & Associates Insurance Ltd, Progressive Home Warranty and Pacific Home Warranty.
Hub International Acquires the Assets of Canada-Based Harmony Insurance Ltd.
April 05, 2016
CHICAGO–(BUSINESS WIRE)–Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Harmony Insurance Ltd. (Harmony). Terms of the acquisition were not disclosed.
Based in the city of Hinton, located within the Canadian province of Alberta, Harmony specializes in providing commercial lines insurance for small businesses and personal insurance solutions. The Harmony team will join Hub Barton.
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com.
Hub International Limited
Media: Marni Gordon
M&A: Clark Wormer
Photo courtesy of Hub International Ltd