HGGC invests in Canadian benefits broker Sterling

HGGC has completed an investment in Sterling Brokers , 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.