H&F-backed Hub International acquires Cortex Financial
Hub Financial Inc, a subsidiary of Hub International Ltd, has purchased the assets of Cortex Financial Inc, a managing general agency based in Thornhill, Ontario. The value of the acquisition was not released. Hub, a U.S. insurance brokerage, said the deal expands its Canadian footprint and its reach to financial advisors and insurance brokers. The Cortex acquisition comes close on the heels of Hub's recent buy of Western Canada’s Progressive Home Warranty and Pacific Home Warranty. Based in Chicago, Hub is a portfolio investment of U.S. private equity firm Hellman & Friedman.
6 April 2015•2 mins read
