Monday’s $4.4 billion acquisition of Hub International Ltd. by Hellman & Friedman LLC could raise producers’ interest in making a sale, but will likely have minimal impact on the price paid for agencies, insurance agency consultants say.
President of Reagan Consulting, Kevin Stipe, was bullish on the potential for increased M&A activity, saying, “for agency M&A, it’s full-steam ahead.”
He says the valuation was “very strong,” adding, “There is nothing disappointing about this deal.”
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