M&A Deal Summary

HUB International Acquires IBG

On July 12, 2024, HUB International acquired insurance company IBG

Acquisition Highlights
  • This is HUB International’s 509th transaction in the Insurance sector.
  • This is HUB International’s 437th transaction in the United States.
  • This is HUB International’s 27th transaction in Massachusetts.

M&A Deal Summary

Date 2024-07-12
Target IBG
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

IBG

Stoneham, Massachusetts, United States
IBG provides small to medium businesses with employee and group benefits insurance and administrative services. IBG was formed in 1995 and is based in Stoneham, Massachusetts.

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Buyer(S) 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 formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 559 of 572
Sector (Insurance) 509 of 520
Type (Add-on Acquisition) 509 of 521
State (Massachusetts) 27 of 27
Country (United States) 437 of 448
Year (2024) 21 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Wyatt Insurance

Knoxville, Tennessee, United States

Wyatt Insurance is a local independent agency specializing in commercial and personal insurance, risk management, and employee benefits. Wyatt Insurance was formed in 1994 and is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-15 Swanson Insurance

New Orleans, Louisiana, United States

Swanson Insurance is an independent insurance agency serving the New Orleans community and its surrounding areas. Swanson Insurance was formed in 1985 and is based in New Orleans, Louisiana.

Buy -