M&A Deal Summary

HUB International Acquires Creative Benefits & Insurance Solutions

On January 11, 2023, HUB International acquired insurance company Creative Benefits & Insurance Solutions

Acquisition Highlights
  • This is HUB International’s 469th transaction in the Insurance sector.
  • This is HUB International’s 397th transaction in the United States.
  • This is HUB International’s 8th transaction in Michigan.

M&A Deal Summary

Date 2023-01-11
Target Creative Benefits & Insurance Solutions
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Creative Benefits & Insurance Solutions

Utica, Michigan, United States
website
CBIS provides corporate employee benefits, commercial and personal insurance, and risk management services to clients. CBIS was founded in 2001 and is based in Utica Michigan.

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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 511 of 549
Sector (Insurance) 469 of 500
Type (Add-on Acquisition) 462 of 499
State (Michigan) 8 of 10
Country (United States) 397 of 427
Year (2023) 2 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 OSA Insurance Brokerage Services

New York, New York, United States

OSA Insurance Brokerage Services provides commercial insurance services for clients in the real estate industry, including real estate owners, developers, contractors, management companies and condominium/co-op. OSA Insurance Brokerage Services was founded in 1980 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Glacier Insurance of Libby

Libby, Montana, United States

Glacier Insurance of Libby is a full-service independent agency providing commercial and personal insurance to clients in Montana, Idaho and Washington. Glacier Insurance of Libby is based in Libby, Montana.

Buy -