H&F-backed Hub International acquires MGA Partners
Hub Financial Inc, a subsidiary of Hub International Ltd, has acquired the shares of MGA Partners Inc, a managing general agency with offices located in Ontario and Atlantic Canada. The financial details of the transaction were not published. Hub, a Chicago-based insurance brokerage with significant operations in Canada, said the deal broadens its footprint in the country's eastern provinces, as well as its reach to financial advisors and insurance brokers. The company has been backed by U.S. private equity firm Hellman & Friedman since 2013.
3 December 2014•3 mins read
