Chicago, September 7, 2023 – Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired GJJK Inc. (GJJK). Terms of the transaction were not disclosed.
Located in Mississauga, Ontario, Canada, the insurance brokerage provides commercial and personal insurance to clients and specializes in the cannabis industry. Their specialization in the cannabis industry supports Hub’s Specialty practice by complementing and strengthening its existing capabilities. Owner Fady Kamel and his team will join Hub Ontario.
“We are excited to bring on Fady and the team to Hub,” said Susan Murphy, President & CEO Hub Ontario. “They will help expand our specialty expertise in this vertical.”
“This acquisition is yet another example of our commitment to a space that continues to be underserved by the insurance market,” added Jay Virdi, Hub Chief Sales Officer, Cannabis Specialty Practice. “By adding additional expertise and experience to our practice group, Fady and his team will continue to propel Hub as the industry leader in risk management, insurance solutions, employee benefits and financial wealth services for the cannabis industry.”
Some recent accolades Fady and his team have received from Insurance Business Canada include: 2020 Elite Broker, 2021 Young Achiever of the year Finalist, 2023 Fast Brokerage & Fast Starter.
About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 17,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, visit Hub Media Centre.
Media: Jessica Wiltse
M&A: Clark Wormer