H&F-backed Hub International acquires Integro Canada
Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired Integro (Canada) Ltd, a Montréal-based commercial property and casualty brokerage specializing in complex risks. Terms weren't disclosed. Founded in 2005, Integro Canada has offices in British Columbia, Ontario and Québec. Hub, a Chicago-based insurance brokerage, said the deal expands its reach in Canada and ability to "upscale our presence in the larger risk management sector." H&F bought Hub for about US$4.4 billion in 2013. Last month, Reuters reported H&F is exploring the sale of a stake in the business.
8 September 2017•3 mins read
