Hub International Ltd has acquired Tri-Line Agencies Inc, a Rose Valley, Saskatchewan-based insurance brokerage offering personal and commercial solutions, including automobile and farming solutions.
No financial terms were disclosed for the deal, which will see Tri-Line’s owner, Eugene Danko, join Hub Manitoba.
Last month, Canadian long-term private equity firm Altas Partners agreed to acquire a minority stake in Hub, a Chicago-based insurance company.
Hellman & Friedman, which acquired Hub in 2013 for about US$4.4 billion, will remain the largest shareholder.
Hub International Acquires The Assets Of Saskatchewan-Based Tri-Line Agencies Inc.
CHICAGO, Nov. 7, 2018 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Tri-Line Agencies Inc. (Tri-Line Agencies). Terms of the transaction were not disclosed.
Tri-Line Agencies is a full-service, independent insurance brokerage headquartered in Rose Valley, Saskatchewan, Canada offering personal and commercial insurance solutions, as well as specializing in government automobile and farming solutions. Eugene Danko, owner of Tri-Line Agencies, will join Hub Manitoba.
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 full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in 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 www.hubinternational.com.
Media: Marni Gordon
November 7, 2018
M&A: Clark Wormer