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Recent top line growth and improved performance will need to be weighed against historical underperformance at group level, but the opportunity could attract a non-traditional buyer. -
Onex reduced its position in the wholesaler by almost two-thirds to nearly 3.7% from around 11.3%, while president Tim Turner sold ~700,000 of his nearly 4.9 million shares.
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The intermediary employs over 150 staff members and has annual revenues of $15mn-$20mn.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Though strong growth continues, the future is less clear as driving forces potentially run out of steam.
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When a Grade A franchise like Hub refis at this kind of valuation, the read across to other assets is highly negative.
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Sources said the company has assessed different options to bring in additional capital this year as it ramps up its growth strategy.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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In an interview, CEO Bill Johnson addressed reports of agency partner concerns, the firm’s unaudited financials, its performance and 2023 targets.
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With this investment, the program manager is majority-owned by management and the Connecticut-based PE house.
