H&F’s Hub International acquires specialty broker IFCG

Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired the shares of Toronto-based Independent Financial Concepts Group Ltd (IFCG), a managing general agency. No financial terms were disclosed. Hub, a global insurance brokerage with significant operations in Canada, was bought by H&F for about US$4.4 billion in 2013. The company has its headquarters in Chicago.

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