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. Key . 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. Hellman & Friedman LLC. Hellman & Friedman was founded in 1984 by Warren Hellman and Tully Friedman. Company Description: Hub International Limited is located in Riverside, CA, United States and is part of the Legal Services Industry. . 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. 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. H&F's current holdings include Hub International and Applied Systems, acquired in 2013 and 2014 . 611 . 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 . Since its founding in 1984, H&F . likely completes the recent cycle of ownership changes among private-equity-owned . 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. HUB International was born in 1998 with the merger of 11 privately held insurance brokerages. Ultimate Parent. . 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. Other 23%. in the $4.4 . The transaction values Hub at approximately $4.4 billion. The transaction implies a total . 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. Hub International. 162 Subsidiaries. Read More HUB is reportedly valued over US $10 billion. Hub HKMB is owned by Hub International. In October 2013, Hellman & Friedman bought out the 2007 purchasers for just over $4.4 billion. Acquiring Organization: Hellman & Friedman Hellman & Friedman is a private equity investment firm providing strategic and financial management support to businesses. Holding 8%. Chicago based Hub is majority-owned by Hellman & Friedman which acquired Hub from Apax Partners for US $4.4 billion in 2013. Hub International CEO Martin P. Hughes. Hellman & Friedman has a direct presence in 2 countries. Funds advised by Hellman & Friedman will buy a majority stake of the . Private Equity firm Hellman & Friedman acquires controlling stake in DIY security provider SimpliSafe. 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 is owned by Hellman & Friedman. Hub International Limited, a Chicago, IL-based insurance brokerage, received a minority investment from Altas Partners.. Girard will report directly to Rob Keilty, CEO of Hub International Ontario. Ultimate Parent. Hellman & Friedman has 12 subsidiaries including Can-Sure, Cordis and Edelman Financial Engines. The deal is the largest takeover of a U.S. insurance broker on record, according to data compiled by Bloomberg. Financial terms were not disclosed. 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. They are in: Insurance 69% Holding 8% Other 23% Acquisition, funding and merger involving Hellman & Friedman. Ranked 5th among the world's largest insurance brokers, the company has over 14,000 employees in more than 550 offices . HUB is currently owned by a group of investors led by lead investor Hellman & Friedman, one of the . In August 2013, the firm acquired Canada's largest insurance broker, Hub International, for around $4.4 billion. Hellman & Friedman has 12 subsidiaries including Can-Sure, Cordis and Edelman Financial Engines. Brian Powers. Previously, Debbie was a Personal Lines Customer Service Rep resentative at Hellman & Friedman. Hellman & Friedman LLC. 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. (Sales figure is modelled). HUB International Limited - Hellman & Friedman PREVIOUS NEXT close HUB International Limited In 2013, H&F acquired HUB International, a leading global insurance brokerage providing property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada. 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. Last week's sale of Hub International Ltd. to San Francisco-based private-equity firm Hellman & Friedman L.L.C. Hellman & Friedman has agreed to the biggest ever takeover in the insurance broking industry with a $4.4bn deal to buy Hub International. HUB is currently owned by a group of investors led by lead investor Hellman & Friedman, one of the . HUB International Investment Advisory Services Inc. 2300 CLAYTON ROAD, SUITE 300, CONCORD, CA . Announced Date Aug 5, 2013 Acquisition Type Acquisition Acquisition Status Complete Recent News Contact Email hub_international_ltd@yahoo.com Phone Number 425-489-4500 HUB International operates as a full-service global insurance broker. Hellman & Friedman LLC. HUB International has acquired 486 companies of its own, including 266 in the last 5 years. HUB International has acquired in 48 different US states, and 4 countries. Call Hub International at +1 312 922 5000. 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 . Advisors. Senior Advisor and Chairman Emeritus. 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. He will remain located in Halifax, Nova Scotia, Canada. Ultimate Parent. HUB International HUB International operates as a full-service global insurance broker. The transaction implied a total enterprise value for Hub of over $10 billion. Details of the investment were not . 165 Subsidiaries. 162 Subsidiaries. Acquiring Organization: Hellman & Friedman Hellman & Friedman is a private equity investment firm providing strategic and financial management support to businesses. . Hellman & Friedman is a leading private equity firm focused on market-leading firms with growth potential. In: Private Equity Deals, Financial, United States. is owned by Hellman & Friedman (211 executives) 38 executives to email now. 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. Matthew Barger. 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. It offers property and casualty, life and health, employee benefits, investment, and risk management products and services. CE Pro's Julie Jacobson reviews synergies with H&F portfolio companies SnapAV, Verisure (Securitas Direct) and HUB International insurance. HUB International was born in 1998 with the merger of 11 privately held insurance brokerages. 2022 HUB International Limited. 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. Last week's sale of Hub International Ltd. to San Francisco-based private-equity firm Hellman & Friedman L.L.C. HUB International was formed in 1998 and is based in Chicago, Illinois. Privacy Statement Terms . The deal is the largest takeover of a U.S. insurance broker on record, according to data compiled by Bloomberg. 5th ranked among the world's largest insurance brokers. 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 . They are in: Insurance 69%. The transaction values Hub at more than $10 billion of total enterprise value. The private equity group is to acquire the North America . 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. Hub International Limited has 5 employees at this location. The deal, which values Hub at $4.4 billion, including debt, is expected to be completed before the end of 2013. Funds managed by Hellman & Friedman will own a majority . On: October 17, 2018. 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. In early 2007, it was purchased by an investor group led by private equity firm Apax Partners in a going-private transaction. . HUB by the Numbers 14,000+ employees across North America. 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. US Staff. (Employees figure is modelled). . 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. View All with Free Trial. It provides commercial property/casualty coverage, including liability, auto, transportation, and workers' compensation. 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. 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. 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. Hub International Northwest LLC has 45 employees at this location. Add an executive. The transaction values HUB at approximately US$4.4 billion. All rights reserved. Jeffrey Goldstein. The Canadian affiliate of Hub International has acquired the assets of The President's Group Insurance Agency, a Mississauga, Ontario-based life insurance company . Read Company Statement Access to Financial Information Requests 415 788-5111 165 Subsidiaries. and Hellman & Friedman, a leading private equity firm with . Key . . 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. 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. The transaction values Hub at approximately US$4.4 billion. Altas Partners acquired a minority stake in Hub in a deal valued at US $10 billion in . 805-879-9536. CHICAGO, Oct. 18, 2021 /CNW/ Hub International Limited . 611 Branches. CHICAGO (AP) -- Ownership of the insurance broker Hub International is being passed from one private equity firm to another. HUB International HUB International operates as a full-service global insurance broker. "By aligning our company with Hellman & Friedman, we . 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. 610 Branches. Hub International Midwest Ltd has 717 total employees across all of its locations and generates $408.38 million in sales (USD). The private equity group is to acquire the North. 16 March 2022. 611 Branches. Recent news In August 2013, the firm was acquired by the private equity firm Hellman & Friedman for around $4.4 billion. Global insurance brokerage Hub International Limited has agreed to be acquired by a San Francisco private equity firm for $4.4 billion. Funds managed by Hellman . View All with Free Trial. In connection with the closing of the transaction, Hub also completed the funding of a US$2.1 billion Senior Secured Credit Facility . 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. 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. On October 2, 2013, Hub was acquired by funds advised by Hellman & Friedman LLC. Advisor Emeritus. The amount of the deal was not disclosed. The company was founded in 1998 and is headquartered in Chicago, Illinois, *Operating Partners and Senior Operating Advisors are advisors to, and are not employees or Partners of, Hellman & Friedman. (Sales figure is modelled). View All with Free Trial. Updated Apr 14, 2022. Hub is projected to have 2013 revenue of $1.2 billion. -. . PRESS RELEASE. Hellman & Friedman has agreed to the biggest ever takeover in the insurance broking industry with a $4.4bn deal to buy Hub International. There are 777 companies in the Hub International Northwest LLC corporate family. By Greg Roumeliotis and Tanya Agrawal. H&F acquired HUB International from Apax Partners in 2013 for reportedly US $4.4 billion including the assumption of debt. This is HarbourVest Partners' 6th, Hellman & Friedman's 6th and Altas Partners' 1st transaction in the Insurance sector. Steve Daniels. About Hellman & Friedman Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London. Hellman & Friedman has a direct presence in 2 countries. There are 777 companies in the Hub International Midwest Ltd corporate family. CHICAGO (AP) -- Ownership of the insurance broker Hub International is being passed from one private equity firm to another. . He will remain located in Halifax, Nova Scotia, Canada. Hub International agreed to be acquired by Hellman & Friedman in a transaction valuing the company at approximately $4.4 billion. Funds advised by Hellman & Friedman will buy a majority stake of the . Hub, a Chicago-based insurance brokerage and financial services firm, is backed by Hellman & Friedman and Altas Partners. 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. In early 2007, it was purchased by an investor group led by private equity firm Apax Partners . (Sales figure is modelled). No financial terms were disclosed. HUB is reportedly valued over US $10 billion. View All with Free Trial. Acquisition, funding and merger involving Hellman & Friedman. Chicago-based insurance broker Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired HB Consultants. San Francisco, New York and London. Debbie Grisham is an Account Manager at Hub International based in Chicago, Illinois. Altas Partners acquired a minority stake in Hub in a deal valued at US $10 billion in . Company Description: One of the top global insurance brokers, Hub International operates more than 475 offices throughout North America. likely completes the recent cycle of ownership changes among private-equity-owned . Altas Partners has acquired a substantial minority stake in Hub International Limited (Hub), a leading global insurance brokerage. 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.