M&A Deal Summary

HUB International Acquires Cargill Insurance

On May 6, 2024, HUB International acquired insurance company Cargill Insurance

Acquisition Highlights
  • This is HUB International’s 502nd transaction in the Insurance sector.
  • This is HUB International’s 429th transaction in the United States.
  • This is HUB International’s 26th transaction in Massachusetts.

M&A Deal Summary

Date 2024-05-06
Target Cargill Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Cargill Insurance

Topsfield, Massachusetts, United States
website
Cargill Insurance operates a full-service insurance agency providing personal coverage for home, auto, personal umbrella, boat and life Insurance, and commercial and general liability insurance. Cargill Insurance was founded in 1987 and is based in Topsfield, Massachusetts.

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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 551 of 552
Sector (Insurance) 502 of 503
Type (Add-on Acquisition) 501 of 502
State (Massachusetts) 26 of 26
Country (United States) 429 of 430
Year (2024) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Merriwether & Williams

San Francisco, California, United States

Merriwether & Williams provides contractor development & bonding programs, aligned risk management and special project consulting, and insurance brokerage services. Merriwether & Williams is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 True North Group

Howell, Michigan, United States

True North Group is an independent insurance agency that focuses on commercial insurance and employee benefits. True North Group is based in Howell, Michigan.

Buy -