HGGC invests in Canadian benefits broker Sterling
HGGC <i class="fa fa-info-circle company-popover" data-content=" HGGC Founded: 2007 Headquarters: Palo Alto, California, United States Total Funding: $115M See full company profile “> has completed an investment in Sterling Brokers <i class="fa fa-info-circle company-popover" data-content=" Sterling Brokers Founded: 2014 Headquarters: Toronto, Ontario, Canada See full company profile “> , a Canadian benefits brokerage and third-party…
HGGC <i class="fa fa-info-circle company-popover" data-content="
HGGC
| Founded: | 2007 |
|---|---|
| Headquarters: | Palo Alto, California, United States |
| Total Funding: | $115M |
| See full company profile |
“>
has completed an investment in
Sterling Brokers <i class="fa fa-info-circle company-popover" data-content="
Sterling Brokers
| Founded: | 2014 |
|---|---|
| Headquarters: | Toronto, Ontario, Canada |
| See full company profile |
“>
, a Canadian benefits brokerage and third-party administrator founded in 2014.
Sterling offers group benefits solutions to Canadian and multinational employers through its proprietary platform, which integrates with HR and payroll systems to connect employers with insurance carriers.
The partnership will support Sterling’s growth and technology expansion as it continues to combine brokerage and benefits administration under one model. Debt financing was provided by Carlyle Direct Lending and Northleaf Capital Partners, with Carlyle serving as administrative agent.
The post HGGC invests in Canadian benefits broker Sterling appeared first on Coverager – Insurance news and insights.