Add-on Acquisition • Insurance

HUB International Acquires Conover Insurance

On May 5, 2021, HUB International acquired insurance company Conover Insurance

Acquisition Context
  • This is HUB International’s 401st transaction in the Insurance sector.
  • This is HUB International’s 322nd transaction in the United States.
  • This is HUB International’s 18th transaction in Washington.

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M&A Deal Summary

Date May 5, 2021
Target Conover Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Conover Insurance

Bellevue, Washington, United States
Conover Insurance provides commercial insurance, personal lines and high net worth/mass affluent insurance solutions, surety and bonding, employee benefits, retirement, and life insurance. Conover Insurance was founded in 1981 and is based in Bellevue, Washington.
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Buyer Overview 1

Buyer

HUB International

Chicago, Illinois, United States

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 founded in 1998 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 429 of 602
Sector: Insurance 401 of 547
Type: Add-on Acquisition 385 of 550
State: Washington 18 of 26
Country: United States 322 of 476
Year: 2021 24 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Cooper & Allison

Burr Ridge, Illinois, United States

Cooper & Allison is an independent insurance agency providing commercial insurance and specializes in various industries, including construction, healthcare, hospitality, real estate, and transportation. Cooper & Allison was founded in 2014 and is based in Burr Ridge, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Ion Insurance

Cheshire, Connecticut, United States

Ion Insurance is a full-service, independent insurance agency providing personal and business insurance solutions throughout the region. Ion Insurance is based in Cheshire, Connecticut.

Buy -