No financial terms were disclosed. Hub is projected to have 2013 revenue of $1.2 billion. 611 Branches. Ranked 5th among the world's largest insurance brokers, the company has over 14,000 employees in more than 550 offices . Girard will report directly to Rob Keilty, CEO of Hub International Ontario. In early 2007, it was purchased by an investor group led by private equity firm Apax Partners . They are in: Insurance 69% Holding 8% Other 23% Acquisition, funding and merger involving Hellman & Friedman. By Greg Roumeliotis, John Tilak, David French 3 Min Read (Reuters) - Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd in a deal that could value one of the largest. Other 23%. View All with Free Trial. San Francisco, New York and London. In August 2013, the firm acquired Canada's largest insurance broker, Hub International, for around $4.4 billion. www.hubinternational.com. Contact Email hub_international_ltd@yahoo.com Phone Number 425-489-4500 HUB International operates as a full-service global insurance broker. Before H&F, Hellman was a founding partner of Hellman, Ferri Investment Associates, . Altas Partners acquired a minority stake in Hub in a deal valued at US $10 billion in . Chicago based Hub is majority-owned by Hellman & Friedman which acquired Hub from Apax Partners for US $4.4 billion in 2013. . The transaction values Hub at more than $10 billion of total enterprise value. He will remain located in Halifax, Nova Scotia, Canada. Iris Dorbian. Debbie Grisham is an Account Manager at Hub International based in Chicago, Illinois. "By aligning our company with Hellman & Friedman, we . Investment funds managed by Hellman & Friedman will hold a majority interest in the Chicago-based company, while members of Hub's senior management will continue to have a significant equity position, the company said. In October 2013, Hellman & Friedman bought out the 2007 purchasers for just over $4.4 billion. . Aug 5 (Reuters) - Private equity firm Hellman & Friedman LLC has clinched a roughly $4.4 billion deal to take over Hub International Inc, Canada's largest . Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired Edmonton, Alberta-based Benefex Consulting, an employee benefits and retirement consulting firm. 611 . The transaction implies a total . Hub International Northwest LLC has 151 total employees across all of its locations and generates $29.46 million in sales (USD). Private-equity firm Hellman & Friedman LLC agreed to acquire insurance brokerage Hub International Ltd. for more than $4 billion from a rival buyout firm, in a deal that will help the Chicago. Funds managed by Hellman & Friedman will remain the largest investor in Hub, and the company's management team will continue to hold a significant equity position," Hub said in statement. Ultimate Parent. HUB International HUB International operates as a full-service global insurance broker. Jeffrey Goldstein. Last week's sale of Hub International Ltd. to San Francisco-based private-equity firm Hellman & Friedman L.L.C. Funds managed by Hellman . 165 Subsidiaries. He will remain located in Halifax, Nova Scotia, Canada. Key . Funds managed by Hellman & Friedman (H&F) remains the largest investor in Hub and the company's management team . HUB is reportedly valued over US $10 billion. HUB International was born in 1998 with the merger of 11 privately held insurance brokerages. Company Description: Hub International Limited is located in Riverside, CA, United States and is part of the Legal Services Industry. Hub International Ltd., a Hellman & Friedman-backed insurance brokerage, said it acquired the assets of N. Compass Group, a provider of employee benefits insurance and consulting services in New . . Earlier this month the Wall Street Journal reported that San Francisco-based Hellman & Friedman LLC is buying HUB International Ltd. in a deal that values the insurance brokerage at $4.4 billion. 611 Branches. CHICAGO, Oct. 18, 2021 /CNW/ Hub International Limited . Company Description: Hub International HKMB Limited is located in Toronto, ON, Canada and is part of the Agencies, Brokerages, and Other Insurance Related Activities Industry. (Sales figure is modelled). News; . Funds managed by Hellman & Friedman (H&F) remain the largest investor in Hub and the company's management team continues to hold a significant equity position. Add an executive. Chicago-based insurance brokerage Hub International Ltd. has agreed to be acquired by a private-equity firm in a deal that values the company . The deal, which values Hub at $4.4 billion, including debt, is expected to be completed before the end of 2013. Key . Last week's sale of Hub International Ltd. to San Francisco-based private-equity firm Hellman & Friedman L.L.C. Ultimate Parent. Ultimate Parent. 162 Subsidiaries. A total of 1 acquisition came from private equity firms.It has also divested 3 assets.. HUB International's largest acquisition to date was in 2001, when it acquired Kaye Group for $128M. HUB International was formed in 1998 and is based in Chicago, Illinois. Funds advised by Hellman & Friedman will buy a majority stake of the . Funds managed by Hellman & Friedman will own a majority . Hellman & Friedman has agreed to the biggest ever takeover in the insurance broking industry with a $4.4bn deal to buy Hub International. Altas Partners acquired a minority stake in Hub in a deal valued at US $10 billion in . Hellman & Friedman was founded in 1984 by Warren Hellman and Tully Friedman. Hellman & Friedman LLC, the buyout firm co-founded by Warren Hellman, agreed to buy Hub International Inc. in a deal that values the insurance broker at about US$4.4-billion. 165 Subsidiaries. Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired Toronto-based Morneau Shepell's benefits consulting practice. 2022 HUB International Limited. Anything missing? Matthew Barger. Hellman & Friedman is a leading private equity firm focused on market-leading firms with growth potential. likely completes the recent cycle of ownership changes among private-equity-owned . Updated Apr 14, 2022. Hub International Northwest LLC has 45 employees at this location. Since its founding in 1984, H&F . (Sales figure is modelled). The transaction values Hub at approximately $4.4 billion. HUB International has acquired in 48 different US states, and 4 countries. Advisor Emeritus. Hub, a Chicago-based insurance brokerage and financial services firm, is backed by Hellman & Friedman and Altas Partners. Funds managed by Hellman & Friedman (H&F) remain the largest investor in Hub and the company's management team continues to hold a significant equity position. View All with Free Trial. Girard will report directly to Rob Keilty, CEO of Hub International Ontario. . Hellman & Friedman LLC is looking to sell a stake in Chicago-based global insurance brokerage Hub International Ltd. in a deal that could value the company at as much as $7 billion, including debt . Chicago-based insurance broker Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired HB Consultants. 415 788-5111 Hub International Limited has 9 employees at this location. About Hellman & Friedman Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London. Advisors. US Staff. Hellman & Friedman LLC. View All with Free Trial. Hellman & Friedman LLC. and Hellman & Friedman, a leading private equity firm with . Financial terms were not disclosed. View All with Free Trial. . HUB International is a global insurance brokerage providing a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States (including Puerto Rico), Canada and Brazil. HUB International was born in 1998 with the merger of 11 privately held insurance brokerages. (Employees figure is modelled). HUB International has acquired 486 companies of its own, including 266 in the last 5 years. The private equity group is to acquire the North. Hellman & Friedman LLC, the buyout firm co-founded by Warren Hellman, agreed to buy Hub International Inc. in a deal that values the insurance broker at about US$4.4-billion. . Hellman & Friedman LLC. (Sales figure is modelled). In early 2007, it was purchased by an investor group led by private equity firm Apax Partners in a going-private transaction. CHICAGO, Oct. 17, 2018 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has entered into an agreement with Altas Partners (Altas), a . Details of the investment were not . HUB is reportedly valued over US $10 billion. . Read More . 805-879-9536. 16 March 2022. 610 Branches. View All with Free Trial. It provides commercial property/casualty coverage, including liability, auto, transportation, and workers' compensation. HUB is currently owned by a group of investors led by lead investor Hellman & Friedman, one of the . Company Description: Hub International Limited is located in Wichita, KS, United States and is part of the Agencies, Brokerages, and Other Insurance Related Activities Industry. in the $4.4 . 164 Subsidiaries. Hellman & Friedman has a direct presence in 2 countries. Funds advised by Hellman & Friedman will buy a majority stake of the . Hellman & Friedman has 12 subsidiaries including Can-Sure, Cordis and Edelman Financial Engines. 610 Branches. All rights reserved. Hub International Limited (Hub), a leading global insurance brokerage, announced that it has entered into an agreement with Altas Partners (Altas), a long-term. Ultimate Parent. The transaction values HUB at approximately US$4.4 billion. Goodmans acted as Canadian counsel to Apax Partners and Hub International Limited ("Hub") with respect to the sale of Hub by Apax Partners to Hellman & Friedman LLC ("H&F") for approximately US$4.4 billion. Call Hub International at +1 312 922 5000. They are in: Insurance 69%. The Company's most targeted sectors . Today, HUB is one of the largest insurance brokers in the world and represents a broad, deep, one-of-a-kind aggregation of insurance entrepreneurs. Funds managed by Hellman & Friedman (H&F) will remain the largest investor in Hub and the company's management team will continue to hold a significant equity position. Home; . Profiles of all 1,752 Hub International employees: Sarah Towe, Logan Foy, Sven Cederwall, Steve Witthuhn CIC, Angelo Frieri, Jessica Kusicki, Craig Tappel CPA CPCU. The transaction implied a total enterprise value for Hub of over $10 billion. As a result of the sale, investment funds managed by Hellman & Friedman hold a majority interest in the company, but members of Hub International's senior management do continue to have significant equity positions. HUB International Limited ("HUB") is a global insurance brokerage providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. 150 N Riverside Plaza, 17th Floor, Chicago, Illinois 60606, United States. The private equity group is to acquire the North America . Previously, Debbie was a Personal Lines Customer Service Rep resentative at Hellman & Friedman. CHICAGO, Ill. Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has entered into an agreement to be acquired by funds advised by Hellman & Friedman LLC. Hellman & Friedman (H&F) will remain the largest investor in Hub and the company's management team will continue to hold a significant equity position. Today, HUB is one of the largest insurance brokers in the world and represents a broad, deep, one-of-a-kind aggregation of insurance entrepreneurs. Company Description: One of the top global insurance brokers, Hub International operates more than 475 offices throughout North America. On November 28, 2018, Altas Partners ("Altas") completed a substantial equity investment in Hub International Limited ("Hub" or the "Company"), a leading full-service insurance brokerage. H&F's current holdings include Hub International and Applied Systems, acquired in 2013 and 2014 . Hellman & Friedman LLC. Acquiring Organization: Hellman & Friedman Hellman & Friedman is a private equity investment firm providing strategic and financial management support to businesses. Ultimate Parent. Hellman & Friedman has agreed to the biggest ever takeover in the insurance broking industry with a $4.4bn deal to buy Hub International. Hub International Limited, a Chicago, IL-based insurance brokerage, received a minority investment from Altas Partners.. 162 Subsidiaries. 5th ranked among the world's largest insurance brokers. Steve Daniels. This is HarbourVest Partners' 6th, Hellman & Friedman's 6th and Altas Partners' 1st transaction in the Insurance sector. Hub International. There are 777 companies in the Hub International Northwest LLC corporate family. Senior Advisor. Account Manager at Hub International. Private Equity firm Hellman & Friedman acquires controlling stake in DIY security provider SimpliSafe. H&F acquired HUB International from Apax Partners in 2013 for reportedly US $4.4 billion including the assumption of debt. Chicago based Hub is majority-owned by Hellman & Friedman which acquired Hub from Apax Partners for US $4.4 billion in 2013. On August 5, 2013, private equity firms HarbourVest Partners, Hellman & Friedman and Altas Partners acquired insurance company HUB International Ltd. from Apax for 4.4B USD Acquisition Highlights. Holding 8%. Hub International HKMB Limited has 235 total employees across all of its locations and generates $1.12 billion in sales (USD). CE Pro's Julie Jacobson reviews synergies with H&F portfolio companies SnapAV, Verisure (Securitas Direct) and HUB International insurance. CHICAGO (AP) -- Ownership of the insurance broker Hub International is being passed from one private equity firm to another. Hub International Limited has 5 employees at this location. Acquiring Organization: Hellman & Friedman Hellman & Friedman is a private equity investment firm providing strategic and financial management support to businesses. The transaction implies a total . Hub International Midwest Ltd has 717 total employees across all of its locations and generates $408.38 million in sales (USD). Hellman & Friedman (H&F) will remain the largest investor . . In: Private Equity Deals, Financial, United States. Hub HKMB is owned by Hub International. HUB by the Numbers 14,000+ employees across North America. Read Company Statement Access to Financial Information Requests Hub International Ltd., a Hellman & Friedman-backed insurance brokerage, said it acquired the assets of N. Compass Group, a provider of employee benefits insurance and consulting services in New . The company was founded in 1998 and is headquartered in Chicago, Illinois, Hellman & Friedman agrees to acquire Hub in $4.4 billion deal By Greg Roumeliotis, Tanya Agrawal 3 Min Read (Reuters) - Private equity firm Hellman & Friedman LLC has clinched a roughly $4.4. By Greg Roumeliotis and Tanya Agrawal. Hub International is owned by Hellman & Friedman. 2020 /PRNewswire/ Hub International Limited . Senior Advisor and Chairman Emeritus. On: October 17, 2018. HUB International Limited (HUB), a leading global insurance brokerage, announced today that it has entered into an agreement to be acquired by funds advised by Hellman & Friedman LLC. Hellman & Friedman has a direct presence in 2 countries. Global insurance brokerage Hub International Limited has agreed to be acquired by a San Francisco private equity firm for $4.4 billion. HUB International was formed in 1998 with less than 300 employees and less than 50 Canadian offices. Hellman & Friedman LLC. *Operating Partners and Senior Operating Advisors are advisors to, and are not employees or Partners of, Hellman & Friedman. In connection with the closing of the transaction, Hub also completed the funding of a US$2.1 billion Senior Secured Credit Facility . There are 777 companies in the Hub International Midwest Ltd corporate family. HUB International Investment Advisory Services Inc. 2300 CLAYTON ROAD, SUITE 300, CONCORD, CA . Apr 20, 2022 The new feature will allow HUB brokers to provide insurance quotes for Homeowner Associations for condos and homes in the U.S. Altas Partners has acquired a substantial minority stake in Hub International Limited (Hub), a leading global insurance brokerage. Brian Powers. -. HUB is currently owned by a group of investors led by lead investor Hellman & Friedman, one of the . Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7. Funds managed by Hellman & Friedman (H&F) remain the largest investor in Hub and the company's management team continues to hold a significant equity position. 530+ offices across North America. The deal is the largest takeover of a U.S. insurance broker on record, according to data compiled by Bloomberg. PRESS RELEASE. Acquisition, funding and merger involving Hellman & Friedman. HUB International was formed in 1998 with less than 300 employees and less than 50 Canadian offices. Hellman & Friedman has 12 subsidiaries including Can-Sure, Cordis and Edelman Financial Engines. The Canadian affiliate of Hub International has acquired the assets of The President's Group Insurance Agency, a Mississauga, Ontario-based life insurance company . Company Description: Hub International Northwest LLC is located in Bellingham, WA, United States and is part of the Agencies, Brokerages, and Other Insurance Related Activities Industry. Global insurance broker Hub International Limited (Hub), said it has agreed to be acquired by funds advised by Hellman & Friedman LLC. It was earlier reported (see May 3, 2013 post) that Hub's owners, Apax Partners and Morgan Stanley Principal Investments, had begun exploring a sale in April. likely completes the recent cycle of ownership changes among private-equity-owned . The amount of the deal was not disclosed. Announced Date Aug 5, 2013 Acquisition Type Acquisition Acquisition Status Complete Recent News The deal is the largest takeover of a U.S. insurance broker on record, according to data compiled by Bloomberg. Hub International News. Hub International agreed to be acquired by Hellman & Friedman in a transaction valuing the company at approximately $4.4 billion. Hub International CEO Martin P. Hughes. . It offers property and casualty, life and health, employee benefits, investment, and risk management products and services. Privacy Statement Terms . 888-373-6024 On October 2, 2013, Hub was acquired by funds advised by Hellman & Friedman LLC. Chicago-based insurance broker Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired Toronto-based JM Rose Insurance Agency, which does business as usefulideas. Clark Wormer is the Managing Director of Mergers & Acquisitions for HUB International Limited where he is responsible for corporate development for all of HUB in the US and Canada. Present Hellman & Friedman 2013 - 2015 HUB International 2013 - 2015 Bain Capital 2007 - 2013 Bain & Company 2005 - 2007 Skills Strategy, Business Strategy, LBO, . Recent news In August 2013, the firm was acquired by the private equity firm Hellman & Friedman for around $4.4 billion. HUB International HUB International operates as a full-service global insurance broker.
