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New Deal


Announced

Hub International to acquire Mumby's property and casualty and employee benefits businesses.

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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Canada

Acquisition

Pending

employee benefits

Private

Cross Border

Single Bidder

Majority

property insurance

Property and Casualty Insurance

Friendly

Synopsis

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Hub International, a global insurance brokerage, agreed to acquire the property and casualty and employee benefits businesses from Mumby Insurance Brokers, an insurance provider. Financial terms were not disclosed. Douglas Pinnell, Vice President of Mumby Insurance, will join Hub International Ontario and report to Matt Lievers, President of Employee Benefits. Anthea Mumby, President of Mumby Insurance, will remain directly involved in the business as a consultant and will report to Gerry De Lauro, President of Personal Insurance.

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