PE-owned Hub International buys Proteus Performance
Hub International Ltd has acquired Proteus Performance Management Inc, a Toronto-based provider of pension plan governance and investment consulting. No financial terms were disclosed for the deal, which will see Proteus' senior executives, including President Peter Henry, join Hub Ontario. Last month, Canadian long-term private equity firm Altas Partners agreed to acquire a minority stake in Hub, a Chicago-based insurance brokerage. Hellman & Friedman, which acquired Hub in 2013 for about US$4.4 billion, will remain the company’s largest investor.
5 November 2018•3 mins read
