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Saturday, October 25, 2025
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Hub’s $23b Valuation and Successful Growth Trajectory Attracts Additional Minority Investment

Hub International Limited (HUB), a leading global insurance brokerage, announced today that it has successfully completed a substantial minority investment from Leonard Green & Partners, L.P. (LGP), along with several other prominent institutional minority investors.  The planned investment from LGP, a Los Angeles-based private equity firm, was announced in April of this year.

HUB’s valuation has grown fivefold over the last 10 years from $4.4 billion in 2013 when Hellman & Friedman (H&F) initially invested to $10 billion in 2018 when Altas Partners (Altas) joined with its investment. In 2022, HUB hit $3.7 billionin annual revenue and is valued at $23 billion today.

The proceeds of this investment will be used to repurchase equity interests from existing equity holders. H&F will retain a controlling-interest in HUB, while the company’s management team will continue to hold a significant equity position. Altas will remain a significant minority shareholder and member of the board, and LGP will join the board as well.

Morgan Stanley & Co. LLC served as exclusive financial advisor to HUB, Simpson Thacher & Bartlett LLP served as legal counsel to HUB, and MarshBerry provided market research assistance to HUB. Barclays acted as exclusive financial advisor and Latham & Watkins LLP served as legal counsel, to LGP.

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