Hub International Ltd has acquired Del Fisher Insurance Inc, a Calgary-based broker providing personal and commercial insurance solutions, including home, auto, business and contract bonding.
No financial terms were disclosed.
Jeff Alderman, a Del Fisher partner, will join Hub International Barton Ltd and be a member of the Prairie-Arctic team. The company’s other partners are retiring.
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).
Hub International Acquires Alberta-Based Del Fisher Insurance Inc.
CHICAGO, April 2, 2019 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Del Fisher Insurance Inc. (Del Fisher Insurance). Terms of the transaction were not disclosed.
Based in Calgary, Alberta, Canada, Del Fisher Insurance is an independent insurance broker providing personal and commercial insurance solutions, including home, auto, business and contract bonding to area residents and businesses since 1981. Del Fisher Insurance represents some of the largest and most respected insurance companies in Canada.
Jeff Alderman, Office Manager/Partner of Del Fisher Insurance, will join Hub International Barton Limited and will be a member of the Prairie Arctic leadership team. John Dewit, President/Partner of Del Fisher Insurance, and L.M. (Mike) Santiago, Vice President/Partner of Del Fisher Insurance, will be retiring.
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.
Media: Marni Gordon
M&A: Clark Wormer