Hub Financial acquires Daystar Financial Group

The Canadian MGA has five offices across the country

Hub International Limited announced today that its subsidiary Hub Financial Inc. has acquired the shares of Daystar Financial Group Inc. (Daystar), a managing general agency (MGA) firm with offices in Vancouver, Calgary, Winnipeg, Toronto and Mississauga.

Read: Canadian M&A Update

Terms of the acquisition were not disclosed.  Rene Pereux and Keith Brown, the former principals of Daystar, will be staying on with Hub Financial as independent consultants working with Terri DiFlorio, president, Hub Financial.

Founded in June 2002, Daystar is an MGA serving independent life insurance and investment advisors, with a specialty in high net worth clientele. This acquisition will add five new offices to the Hub footprint across Canada.

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