Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman, has acquired the shares of Sarjeant Insurance Brokers Ltd, a Barrie, Ontario-based provider of property and casualty insurance solutions. No financial terms were released. The acquisition follows Hub’s buy of Canada’s New Dimensions Underwriters Ltd earlier this week. Hub, a Chicago-based insurance brokerage, was acquired by Hellman & Friedman for about US$4.4 billion in late 2013.
Hub International Acquires the Shares of Canadian-Based Sarjeant Insurance Brokers Limited
September 08, 2016
CHICAGO–(BUSINESS WIRE)–Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the shares of Sarjeant Insurance Brokers Limited (Sarjeant). Terms of the acquisition were not disclosed.
Based in Barrie, Ontario, Canada, Sarjeant specializes in providing property and casualty insurance solutions. Randall Maxim, Sarjeant’s President, and Patricia Hanmer, Sarjeant’s Vice President, will join Hub Ontario and report to Barry Hogan, President, Hub Gamble Division.
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 Sarjeant Insurance Brokers Ltd