Hub International: $1.6B Investment
- Hub International, a Chicago-based insurance brokerage, has received a $1.6 billion minority equity investment,boosting the company's enterprise valuation to $29 billion.
- Since 2013, hub International has seen substantial growth.
- Hellman & Friedman will maintain control of Hub International, with the management team retaining a notable equity stake.
Hub InternationalS valuation soars to $29 billion after securing a notable $1.6 billion investment. This strategic move, spearheaded by T. Rowe Price Investment Management, Alpha Wave Global, and Temasek, will fuel expansion and strategic acquisitions for the Chicago-based insurance brokerage. Since 2013, Hub International has experienced explosive growth, with revenue reaching $4.8 billion in 2024. Hellman & Friedman remains the controlling shareholder, ensuring continuity as Hub International, already the fifth-largest broker globally, continues its notable trajectory. This infusion of capital underscores the firm’s commitment to industry-specific solutions and proprietary products. News Directory 3 is following this deal closely. Discover what’s next for this industry leader.
Hub International Lands $1.6B Investment for Expansion
updated May 26, 2025
Hub International, a Chicago-based insurance brokerage, has received a $1.6 billion minority equity investment,boosting the company’s enterprise valuation to $29 billion. T. Rowe Price Investment Management, Alpha Wave Global, and Temasek led the investment round, with participation from both new and existing investors.
Since 2013, hub International has seen substantial growth. Its valuation has increased from $4.4 billion to $29 billion, and revenue has risen from $1.1 billion to $4.8 billion in 2024. Marc Cohen, CEO, emphasized the company’s dedication to industry-specific solutions, risk management, innovation, proprietary products, and strategic acquisitions as key drivers of this success.
Hellman & Friedman will maintain control of Hub International, with the management team retaining a notable equity stake. Altas Partners and Leonard Green & Partners will continue as significant minority shareholders with representation on the board.Hunter Philbrick, a partner at Hellman & Friedman, lauded Hub’s focused approach and notable growth, noting its position as the fifth-largest broker globally and a leader in the middle market.
The investment proceeds, following the Liquid Private Placement approach from 2024, are earmarked for fueling further growth, strategic acquisitions, and balance sheet management. Existing shareholders showed little interest in selling their stakes.
Morgan Stanley and Goldman Sachs acted as financial advisers for the deal, while Simpson Thacher & Bartlett served as legal counsel. The transaction is expected to be finalized by the end of May.
What’s next
With the new capital infusion, Hub International is poised to continue its expansion through strategic acquisitions and further development of its risk management and insurance solutions, solidifying its position in the global market.