PE-owned Hub International buys Kuokoa Enterprises

Chicago-based insurance brokerage Hub International Ltd has acquired the assets of Kuokoa Enterprises Inc, an Edmonton-based provider of commercial lines insurance solutions. No financial terms were disclosed. As a result, Dave Douglas, the owner of Kuokoa, will join Hub Barton, Hub's affiliate in Chilliwack, British Columbia. Last month, Canadian long-term private equity firm Altas Partners agreed to acquire a minority stake in Hub, a portfolio company of Hellman & Friedman.

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