Hub International Ltd has acquired Hometown Insurance Brokers, a Vonda, Saskatchewan-based full-service insurance brokerage.
Terms weren’t disclosed for the deal, which will see business owners Garth Wruck and Denise Wruck join Hub Manitoba.
Founded in 1977, Hometown offers personal and commercial insurance solutions, including crop hail insurance.
Hub, a Chicago-based full-service insurance company, was bought in 2013 by U.S. private equity firm Hellman & Friedman (H&F) for about US$4.4 billion.
Hub International Acquires Saskatchewan-Based Hometown Insurance Brokers
CHICAGO, Sept. 11, 2018 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Frontier Business Centre Ltd. o/a Hometown Insurance Brokers (Hometown Insurance). Terms of the transaction were not disclosed.
Hometown Insurance is a full service, independent insurance brokerage headquartered in Vonda, Saskatchewan. Hometown offers personal and commercial insurance solutions, including crop hail insurance, which supports Hub’s recent launch of its Specialty practices by complementing and strengthening Hub’s existing solutions.
Garth and Denise Wruck, owners of Hometown Insurance, will join Hub Manitoba. Mr. Wruck will report to Doug Trapp, Vice President of Sales Saskatchewan, and Mrs. Wruck will report to Danah White, Vice President for Saskatchewan Operations.
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 (Hub) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From 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 hubinternational.com.
Media: Marni Gordon
M&A: Clark Wormer