HGGC completed the investment in Sterling Brokers.

HGGC, a middle-market private equity firm, completed the investment in Sterling Brokers, a Canadian benefits brokerage and third-party administrator. Financial terms were not disclosed. “We have a great opportunity to continue to grow with our incredible existing clients while looking to add new clients that need a distinctive benefits administration and broker platform. We are very grateful for the opportunity to partner with HGGC. They have an outstanding track record of building best-in-class platforms that drive exceptional client outcomes,” Andrew Blanchard, Sterling CEO, and Thomas McArdle, Sterling President.