Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired the shares of ES3 Insurance Services Ltd, which does business as ES3 Advisory. No financial terms were released. Based in Vancouver, ES3 Advisory is an employee benefits and pension consulting company. Led by Faizal Mitha, vice president of employee strategies, the business will join Hub International TOS Ltd. Hub, a Chicago-based insurance brokerage, was acquired by H&F for about US$4.4 billion in October 2013.
Hub International Acquires The Shares Of British Columbia-Based ES3 Insurance Services Ltd.
CHICAGO, April 6, 2018 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the shares of ES3 Insurance Services Ltd. operating as ES3 Advisory (ES3 Advisory). Terms of the acquisition were not disclosed.
Headquartered in Vancouver, British Columbia, ES3 Advisory is an innovative employee benefits and pension consulting firm. Founded in 1999 by Darrell Ert, President of ES3 Advisory, the company is well-known for designing custom solutions that helps clients create programs that promote engaged, healthy employees.
ES3 Advisory, led by Faizal Mitha, Vice President of Employee Strategies, will join Hub TOS reporting to Dave Terry, President of Hub TOS.
“ES3 is perfectly set up for the next chapter with a partner that shares our values and has the scale to make a real difference in the North American space,” said Ert.
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
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