Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired the shares of Kindersley, Saskatchewan-based Kindersley Insurance Ltd, a provider of insurance solutions for the agriculture, oil field and trucking industries. No financial terms were disclosed. Hub, a global insurance brokerage with significant operations in Canada, was bought by H&F for about US$4.4 billion in October 2013. Hub is headquartered in Chicago.
Hub International Acquires The Shares Of Saskatchewan-Based Kindersley Insurance Ltd.
CHICAGO, Feb. 7, 2018 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the shares of Kindersley Insurance Ltd. Terms of the acquisition were not disclosed.
Headquartered in Kindersley, Saskatchewan with an office in Dodsland, Kindersley Insurance Ltd. is a full-service, independent personal and commercial insurance brokerage that specializes in insurance solutions for the agriculture, oil field and trucking industries.
Principals Mark Stockford and Barry Andrew will join Hub Manitoba and report to Doug Trapp, Vice President of Hub’s Saskatchewan Region.
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 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.
Media: Marni Gordon
M&A: Clark Wormer