H&F's Hub acquires Blackstone Insurance, Benefit Broker
Hub International Ltd has acquired Blackstone Insurance, Benefits & Bonding Inc, a Saskatoon-based commercial insurance and employee benefits brokerage company. No financial terms were released for the deal, which will see Blackstone Insurance executives join Hub Manitoba. The announcement comes a day after Hub said it acquired Benefit Broker Services Inc, a Wallaceburg, Ontario-based employee benefits and pension plans solutions provider. Hub, a Chicago-based full-service insurance business, was acquired in 2013 by U.S. private equity firm Hellman & Friedman (H&F) for about US$4.4 billion.
9 August 2018•2 mins read
