M&A Deal Summary

HUB International Acquires Red Rock Financial

On May 8, 2023, HUB International acquired insurance company Red Rock Financial

Acquisition Highlights
  • This is HUB International’s 476th transaction in the Insurance sector.
  • This is HUB International’s 404th transaction in the United States.
  • This is HUB International’s 21st transaction in Illinois.

M&A Deal Summary

Date 2023-05-08
Target Red Rock Financial
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Red Rock Financial

Yorkville, Illinois, United States
website
Red Rock Financial provides specialty insurance products and services to financial institutions nationwide. Red Rock Financial was founded in 2004 and is based in Yorkville, 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 518 of 549
Sector (Insurance) 476 of 500
Type (Add-on Acquisition) 469 of 499
State (Illinois) 21 of 22
Country (United States) 404 of 427
Year (2023) 9 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 Brady Risk

Huntington, New York, United States

Brady Risk is a risk management firm that provides a wide range of products and services to key industry segments, including hospitality. Brady Risk was founded in 1995 and is based in Huntington, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 EINSURANCE

Chicago, Illinois, United States

EINSURANCE is a web-based, direct-to-consumer lead generation platform leveraging its data-driven marketing techniques to power insurance sales. EINSURANCE was founded in 1996 and is based in Chicago, Illinois.

Buy -