H&F-backed Hub continues buying spree with Delisle deal

Hub International Ltd has acquired Delisle Agencies Ltd, a Delisle, Saskatchewan provider of personal lines and government automotive insurance solutions. No financial terms were released. Delisle, founded in 1980 as a family-owned insurer, is Hub’s third Canadian acquisition this month. It follows the Chicago-based insurance brokerage’s buys of Banco Management Inc and Integro (Canada) Ltd. Hub is a portfolio investment of U.S. private equity firm Hellman & Friedman (H&F). H&F is reported to be exploring the sale of a stake in the company.

PRESS RELEASE

Hub International Acquires Canadian-Based Delisle Agencies Ltd.

CHICAGO, Sept. 13, 2017 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Delisle Agencies Ltd. (Delisle). Terms of the acquisition were not disclosed.

Based in Delisle, Saskatchewan, Canada, Delisle specializes in personal lines and government automotive insurance solutions. Rob Ouellette, President, will join HUB Manitoba and report to Doug Trapp, Vice President, HUB Manitoba.

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.

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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