Hub International Announces Minority Investment by Altas Partners
The transaction implies a total enterprise value for Hub of over
"This transaction is a strong validation of Hub's strategy and vision for the future, as well as our long track-record of organic and acquisition-driven growth. All employees, past and current, have contributed to this great moment," stated
Building on the company's successful formula, Hub remains focused on bringing global resources to the local market via Hub's 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.
The transaction is expected to close before the end of 2018 and is subject to customary closing conditions and regulatory approvals. Terms were not disclosed.
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