H&F’s Hub International buys Desilets Insurance
Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired the shares of Elie, Manitoba-based Desilets Insurance Brokers Ltd, a provider of personal and commercial insurance and specializing in insurance solutions for the farming industry. No financial terms were disclosed. As a result of the deal, the Desilets' operations will become part of HUB Manitoba. 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.
7 March 2018•2 mins read
