On October 17, 2018, Hub International announced that it entered into an agreement with Altas Partners, a long-term oriented investment firm based in Toronto, Ontario. Under the agreement, Hub expects to receive a substantial minority investment from funds managed by Altas. Funds managed by Hellman & Friedman (H&F) will remain the largest investor in Hub and the company’s management team will continue to hold a significant equity position.
The transaction with Altas implies a total enterprise value for Hub of over $10 billion. During the trailing twelve month period ended on September 30, 2018, the company expects to report more than $2 billion in total revenue, up from $1.1 billion for the twelve month period ended prior to H&F’s acquisition of Hub in October 2013.
On October 2, 2013, Hub was acquired by funds advised by Hellman & Friedman LLC. The transaction at that time valued HUB at approximately US$4.4 billion.
Access to Financial Information Requests
As a privately-owned company, HUB International Limited restricts access to its financial information. Current or prospective holders of the company’s 7.000% Senior Notes due 2026 issued by HUB International Limited, as well as securities analysts, are eligible to obtain access to:
- A secure Website to which the company has agreed to post certain reports and press releases required by the indentures governing the Notes; and
- A conference call held by the company to discuss such reports and the results of operations for the relevant reporting period.
Upon receipt of your application, we will send you a password and other information needed to access the secure Website. By submitting this application, you agree that the company reserves the right to modify the terms of your access to the secure Website or future conference calls at any time and without notice.