HGGC Acquires Sterling Brokers from True Wind Capital

October 6, 2025

HGGC completed an investment in Sterling Brokers, a Toronto-based benefits brokerage and third-party administrator, acquiring the company from True Wind Capital. Financial terms were not disclosed; Carlyle Direct Lending and Northleaf Capital Partners provided debt financing to support the transaction.

Buyers
HGGC
Targets
Sterling Brokers
Sellers
True Wind Capital
Industry
Insurance
Location
Ontario, Canada
Transaction Type
Buyout

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