The parent company of Hub, specifically referring to Hub International, is Hellman & Friedman.
Understanding Hub International's Ownership
Hub International, a prominent global insurance brokerage, has experienced notable shifts in its ownership throughout its history. Its current ownership structure places it under the control of a distinguished private equity firm, illustrating a common trajectory for large, established companies.
The Acquisition by Hellman & Friedman
In August 2013, Hub International was acquired by the private equity firm Hellman & Friedman. This significant transaction was valued at approximately $4.4 billion, marking a pivotal moment in Hub International's corporate journey. As a private equity firm, Hellman & Friedman specializes in making substantial equity investments in companies, often with the strategic aim of enhancing their value over a medium to long-term period before a potential divestiture or public offering.
This acquisition transformed Hub International into a privately held entity. This structure often allows for more agile strategic investments, accelerated growth initiatives, and operational enhancements, free from the immediate pressures of public market scrutiny.
Key Details of the Acquisition
For a concise overview of the acquisition details:
Aspect | Detail |
---|---|
Company Acquired | Hub International |
Acquiring Firm | Hellman & Friedman (Private Equity Firm) |
Acquisition Date | August 2013 |
Approximate Value | $4.4 billion |
For additional information about Hub International, including its history and operations, you can visit its Wikipedia page.