Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired certain assets of Insurance Supermarket Inc, a Vaughan, Ontario insurance marketing organization that connects consumers with advisors. No financial terms were released. Hub, a global insurance brokerage with significant operations in Canada, was bought by H&F for about US$4.4 billion in October 2013. The company has its headquarters in Chicago.
Hub International Acquires Certain Assets Of Canadian-based Insurance Supermarket Inc.
CHICAGO, April 7, 2017 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired certain assets of Insurance Supermarket Inc. (ISI). Terms of the acquisition were not disclosed.
Based in Vaughan, Ontario, Canada, ISI is a large insurance marketing organization specializing in connecting the needs of consumers with qualified advisors. Sale of assets unrelated to ISI’s marketing efforts will allow ISI to further enhance the value it offers to both consumers and the insurance industry.
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.
Media: Marni Gordon
M&A: Clark Wormer
Photo courtesy of Hub International Ltd