H&F and Altas-backed Hub buys BenefitLink Resource Group

Hub International Ltd has acquired BenefitLink Resource Group Edmonton Holdings Inc, an Edmonton-based benefit and retirement consulting business. Terms weren't disclosed. The seller was owner Jay Kemp, who will join Hub International Barton Insurance Brokers. Hub, a Chicago-based insurance brokerage, said the acquisition reinforces its Canadian employee benefits growth and services strategy. Last year, Canadian long-term private equity firm Altas Partners acquired a significant minority stake in Hub, joining existing owner Hellman & Friedman (H&F).

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