M&A Deal Summary

HUB International Acquires IGS

On August 8, 2022, HUB International acquired insurance company IGS

Acquisition Highlights
  • This is HUB International’s 458th transaction in the Insurance sector.
  • This is HUB International’s 385th transaction in the United States.
  • This is HUB International’s 20th transaction in Illinois.

M&A Deal Summary

Date 2022-08-08
Target IGS
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

IGS

Chicago, Illinois, United States
website
IGS is a trade credit insurance brokerage helping clients grow sales safely and aggressively while protecting against any bad debt loss coming from bankruptcy or non-payment. IGS was founded in 2014 and is based in Chicago, Illinois.

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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 498 of 549
Sector (Insurance) 458 of 500
Type (Add-on Acquisition) 450 of 499
State (Illinois) 20 of 22
Country (United States) 385 of 427
Year (2022) 31 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 KT&D

Wilmington, Delaware, United States

KT&D provides multi-line insurance solutions, including medical malpractice, commercial and personal, and employee benefits solutions. KT&D is based in Wilmington, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-12 Jaimac Risk Management

Ottawa, Ontario, Canada

Jaimac Risk Management is an independent insurance brokerage specializing in risk management and credit insurance for companies that have unique risk mitigation needs. Jaimac Risk Management is based in Ottawa, Ontario.

Buy -