Description of Transaction
Sequeira Partners was engaged by HUB to assist in the divestiture of the Saint John book of business (the “Division”) to BrokerLink. The sale supports HUB International’s strategy of focused growth across geographies and market segments where they have a strategic advantage.
The Sequeira team provided advisory assistance throughout the transaction including marketing the business to potential partners, negotiating preliminary and final deal terms, advising on transaction structure and consideration, as well as assisting with due diligence and other pre-closing matters.
HUB
Headquartered in Chicago, Illinois, HUB International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance employee benefits, retirement and wealth management products and services. With more than 17,000 employees in offices located throughout North America, HUB’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy.
BrokerLink
Brokerlink Inc. is a subsidiary of Intact Financial Corporation (TSX: IFC) and it is one of Canada’s largest property and casualty insurance brokerages, with over 200 branches and 3,700 employees. Since its inception in 1991, BrokerLink has focused on building a network of trusted insurance brokers across the country, working directly in the communities it serves.
