M&A Deal Summary

HUB International Acquires BW Insurance Agency

On August 4, 2015, HUB International acquired insurance company BW Insurance Agency from Bank of the West

Acquisition Highlights
  • This is HUB International’s 167th transaction in the Insurance sector.
  • This is HUB International’s 135th transaction in the United States.
  • This is HUB International’s 1st transaction in North Dakota.

M&A Deal Summary

Date 2015-08-04
Target BW Insurance Agency
Sector Insurance
Buyer(s) HUB International
Sellers(s) Bank of the West
Deal Type Divestiture

Target

BW Insurance Agency

Fargo, North Dakota, United States
website
BW Insurance Agency is a multi-line property and casualty, personal and employee benefits insurance brokerage.

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Buyer(S) 1

Buyer

HUB International

Chicago, Illinois, United States

website


Category Company
Founded 1998
Sector Insurance
Employees10,000
Revenue 2.2B USD (2018)
DESCRIPTION
HUB International office in Burlington, North Carolina.
HUB International office in Burlington, North Carolina.

HUB International is a global insurance brokerage providing a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States (including Puerto Rico), Canada and Brazil. HUB International was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 171 of 549
Sector (Insurance) 167 of 500
Type (Divestiture) 22 of 50
State (North Dakota) 1 of 3
Country (United States) 135 of 427
Year (2015) 17 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Group Benefit Specialists

Wichita, Kansas, United States

Group Benefit Specialists, Inc. is a employee benefits brokerage company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Pippel Insurance Agency

Palmer, Arkansas, United States

Pippel Insurance Agency, Inc. is a multi-line insurance brokerage services. Pippel is a second generation agency and one of Alaska's premier full-service insurance brokerages servicing the greater Anchorage and Matanuska-Susitna Valley market.

Buy -

Seller(S) 1

SELLER

Bank of the West

San Francisco, California, United States

website


Category Company
Sector Financial Services
DESCRIPTION

Bank of the West is a provider of financial services. Bank of the West operates more than 500 branches and offices in 24 states (primarily in the Western and Midwestern parts of the United States), employs more than 9,000 team members, and serves nearly 1.8 million customers.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1