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New Deal


Announced

Hub International to acquire the life insurance product managing general agent business of ivari.

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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Majority

insurance

Single Bidder

Pending

Canada

Life Insurance

Acquisition

life insurance

Friendly

Private

Synopsis

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Hub International, a global insurance brokerage, agreed to acquire the life insurance product managing general agent business of ivari, a provider of a full range of insurance products and services. Financial terms were not disclosed. ivari's strategic refinement of resources will allow ivari to further support independent advisors and existing partnerships, a move that will strengthen their position in the marketplace as a mid-market insurance provider and offer growth opportunities in the future.

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