Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired the shares of Pointbreak Consulting Group Ltd, a Burnaby, British Columbia-based provider of employee benefits and pension consulting and advisory services. No financial terms were released. Pointbreak Principal and CEO Kevin Jeffrey will join Hub International TOS Ltd as a result. Hub, a Chicago-based insurance brokerage, was bought by H&F for about US$4.4 billion in October 2013.
Hub International Acquires The Shares Of British Columbia-Based Pointbreak Consulting Group Ltd.
CHICAGO, Feb. 16, 2018 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the shares of Pointbreak Consulting Group Ltd. (Pointbreak). Terms of the acquisition were not disclosed.
Headquartered in Burnaby, British Columbia, Pointbreak provides employee benefits and pension consulting services. Kevin Jeffrey, Principal and CEO of Pointbreak, will join Hub TOS and report to Dave Terry, President of Hub TOS.
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
Photo courtesy of Pointbreak Consulting Group Ltd