Hub International has confidentially filed a draft registration statement with the US Securities and Exchange Commission for a proposed initial public offering of its common stock. The insurance brokerage did not disclose the timing, number of shares, or proposed price range. Proceeds would be used for general corporate purposes, potentially including debt repayment. The company, formed in 1998 through the merger of 11 Canadian brokerages, was taken private in 2007 and later acquired by Hellman & Friedman in a $4.4 billion transaction in 2013. Hub has around 21,000 employees across 570 offices in North America.
Hub International has confidentially filed for an IPO, which will raise capital and provide liquidity for shareholders.
Hellman & Friedman is the private equity owner of Hub International; the IPO could provide an exit, but the filing is confidential and no details are given.