Hub International Acquires PDF Financial Group

Ontario-based independent brokerage Hub’s latest acquisition

Chicago, IL (Oct. 8, 2019) – Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired PDF Financial Group Inc. (PDF). Terms of the transaction were not disclosed.

Based in Toronto, Ontario, Canada, PDF is an independent brokerage offering consulting and outsourcing services for employee benefit programs, human resources, and related financial advice. Peter Demangos, Founder and President of PDF, will join Hub International Ontario Limited (Hub Ontario).

The move continues to reinforce Hub’s ongoing Canadian employee benefits growth and services strategy[1] to expand its best-in-class employee benefits and retirement solution to address the challenges clients are facing, including in benefits communication, health and wellness, and retirement.

“What I found most compelling about Hub is their continued growth and strategy to provide the highest quality of employee benefits and pension solution to clients,” said Mr. Doyle. “We are excited to help in this effort as we will provide clients with greater support while building an enhanced service experience for them.”

Notes

1. Hub International Reinforces Best-in-class Canadian Employee Benefits and Pension Platform Strategy With New Acquisition (Jan. 8, 2019).

About Hub’s M&A Activities

Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.

About Hub International

Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit hubinternational.com.

Source: Hub International Limited

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