Hub International Ltd has acquired Cottenie and Gardner Inc, a Kamsack, Saskatchewan-based provider of personal and commercial insurance solutions, including government auto and farming solutions.
No financial terms were disclosed. The sellers were owners Ted Gardner and Les Fedorak, who will join Hub International Manitoba Ltd.
Last year, Canadian long-term private equity firm Altas Partners acquired a significant minority stake in Hub, a Chicago-based insurance brokerage, joining existing owner Hellman & Friedman (H&F).
PRESS RELEASE
Hub International Acquires Saskatchewan-Based Cottenie And Gardner Inc.
CHICAGO, June 4, 2019 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Cottenie and Gardner Inc. (Cottenie & Gardner). Terms of the transaction were not disclosed.
Cottenie & Gardner is a full-service, independent insurance brokerage headquartered in Kamsack, Saskatchewan, Canada, offering personal and commercial insurance solutions, including government auto and farming solutions. Co-owners Ted Gardner and Les Fedorak will be joining Hub International Manitoba Limited.
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, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit www.hubinternational.com.
CONTACT:
Media: Marni Gordon
Phone: 312-279-4601
Marni.gordon@hubinternational.com
M&A: Clark Wormer
Phone: 312.279.4848
Clark.wormer@hubinternational.com
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