Altas Acquires Significant Interest in Hub International
On November 28, 2018, Altas Partners (“Altas”) completed a substantial equity investment in Hub International Limited (“Hub” or the “Company”), a leading full-service insurance brokerage. The transaction values Hub at more than $10 billion of total enterprise value. Altas will own its equity interest in Hub alongside Company management and employees, who are significant shareholders, and Hellman & Friedman, a leading private equity firm with offices in New York, San Francisco and London.
Hub has distinguished itself as the premier mid-market insurance brokerage, building on the company’s proven formula and enjoying a long and consistent track record of success in the North American marketplace. Hub remains focused on bringing global resources to the local market via its network of regional brokerage offices. The firm continues to prioritize arming its producers and support teams with market-leading products and resources, while cultivating a culture of specialization to provide the level of expertise that Hub’s customers demand. Hub is making significant investments in delivering best-in-class customer experiences, including technology that accelerates the pace at which Hub can complete transactions and provide cost-efficient solutions meeting the evolving needs of customers.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit https://www.hubinternational.com
About Altas Partners
Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. Key elements of the firm’s approach include responsible capital structures, active ownership through strategic and operational support and an emphasis on sustainable value creation. Altas invests on behalf of endowments, foundations, public pension funds and other institutional investors.