Hub International Limited said Monday it has entered into an agreement to be acquired by funds advised by Hellman & Friedman, in a deal that values the insurance brokerage at $4.4 billion.
According to Bloomberg, the deal would be the largest takeover of a U.S. insurance broker on record.
The acquisition of the leading global insurance brokerage would allow Hub to enhance its product and service capabilities and expand its geographic footprint, Hub executives said.
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