M&A Deal Summary

HUB International Acquires Western Assurance

On March 4, 2022, HUB International acquired insurance company Western Assurance

Acquisition Highlights
  • This is HUB International’s 436th transaction in the Insurance sector.
  • This is HUB International’s 360th transaction in the United States.
  • This is HUB International’s 11th transaction in New Mexico.

M&A Deal Summary

Date 2022-03-04
Target Western Assurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Western Assurance

Albuquerque, New Mexico, United States
website
Western Assurance is an independent agency providing comprehensive insurance solutions, including commercial and personal insurance, and employee benefits services. Western Assurance was founded in 1966 and is based in Albuquerque, New Mexico.

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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 472 of 549
Sector (Insurance) 436 of 500
Type (Add-on Acquisition) 427 of 499
State (New Mexico) 11 of 11
Country (United States) 360 of 427
Year (2022) 5 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Taylor Advisors

Louisville, Kentucky, United States

Taylor Advisors specializes in financial consulting and investment advisory services for financial institutions. Taylor Advisors was formed in 2002 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Kuhl Insurance

Morton, Illinois, United States

Kuhl Insurance is an independent agency providing commercial and personal insurance, and employee benefits services. Kuhl Insurance was founded in 1979 and is based in Morton, Illinois.

Buy -