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New Deal


Announced

Hub International acquired assets of Virginia-based Washington Financial Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Asset Managers and Custodians

wealth management

Private

Acquisition

Pending

Friendly

Single Bidder

Synopsis

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Hub International, a leading global insurance brokerage and financial services firm, acquired assets of Virginia-based Washington Financial Group, a nationally recognized, award-winning leader providing innovative employer plan and wealth management services. Financial terms were not disclosed. "Our vast network of clients is asking for help, not only with managing the plans, but also helping their employees reach better outcomes. WFG has demonstrated leadership and a commitment to excellence in driving better solutions not just for employers, but for hard-working employees as well. Joe, Jeff and their team are a great fit for Hub. They truly are leaders in the space." David Reich, National President, Hub Retirement and Private Wealth.

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