Ownership of the insurance broker Hub International is being passed from one private equity firm to another.
Funds advised by Hellman & Friedman will buy a majority stake of the Chicago company in a deal that values Hub at $4.4 billion.
Hub has been owned since 2007 by Apax Partners, which expanded company operations through acquisitions, including deals in Brazil and Puerto Rico. Hub said Monday that new ownership will allow for continued growth.
Hub’s senior managers will keep a “significant” portion of the company’s stock, though the company is not releasing specific figures.
The sale is expected to close by the end of the year.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
11 New Firms Join Insurance Journal’s Top 100 Independent Agencies 
Rhine River Shipping Stalls as Water Level Hits Record Low 
