Gibson’s Insurance Agency Ltd, an insurance brokerage with offices in Treherne and Notre Dame de Lourdes, Manitoba, has been acquired by Hub International Ltd. The financial details of the transaction were not disclosed. Hub, a Chicago-based insurance brokerage with significant operations in Canada, said the acquisition broadens its local market reach and specializations in Manitoba. In 2013, Hub was acquired by U.S. private equity firm Hellman & Friedman from its previous private equity owners for US$4.4 billion.
PRESS RELEASE
Hub International Acquires Manitoba-Based Gibson’s Insurance
Chicago Jul 7, 2014
Acquisition broadens local market reach for Hub
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the shares of Gibson’s Insurance Agency Ltd.,(Gibson’s), a Manitoba Canada-based insurance brokerage . Terms of the acquisition were not disclosed. Gibson’s will become part of the Hub International Horizon operations. The acquisition broadens Hub’s local market reach and specializations throughout the province of Manitoba.
Gibson’s has two locations in Treherne and Notre Dame de Lourdes, each of which will remain in operation. With the addition of these two offices, Hub will operate 22 locations throughout Manitoba. Gibson’s is a general brokerage servicing government automotive insurance needs as well as maintaining a large agriculture/farming customer base.
“Because Gibson’s agricultural clients are similar to Hub’s Manitoba client profile, they are in a great position to take advantage of Hub’s unique innovative insurance products developed for crop production, employee benefits, and life and estate planning,” stated Keith Jordan, President and CEO of Hub International Horizon.
Hub is dedicated to building a network of local market insurance and risk management experts.
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 through offices located in the United States, Canada and Latin America.
MEDIA CONTACT:
Marni Gordon
HUB International Limited
Director, Corporate Communications
Phone: 312.279.4601
marni.gordon@hubinternational.com
BROKERAGE AND BANKER CONTACT:
Clark Wormer
HUB International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
clark.wormer@hubinternational.com
Source: HUB International Limited
Photo courtesy of Shutterstock
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.