M&A Deal Summary |
|
|---|---|
| Date | 2001-06-28 |
| Target | Kaye Group |
| Sector | Insurance |
| Buyer(s) | HUB International |
| Sellers(s) | Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 128M USD |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Insurance |
| Employees | 10,000 |
| Revenue | 2.2B USD (2018) |
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 | 7 of 549 |
| Sector (Insurance) | 7 of 500 |
| Type (Add-on Acquisition) | 7 of 499 |
| State (New York) | 1 of 25 |
| Country (United States) | 4 of 427 |
| Year (2001) | 4 of 5 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-06-18 |
J.P. Flanagan
United States J.P. Flanagan Corporation offers a broad range of property, casualty and professional liability products. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-07-24 |
Burnham Insurance Group
Battle Creek,, Michigan, United States The Burnham Insurance Group, is a regional insurance agency, offers individuals, businesses and financial institutions a full range of insurance products and services. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 79 of 281 |
| Sector (Insurance) | 4 of 7 |
| Type (Add-on Acquisition) | 28 of 126 |
| State (New York) | 2 of 11 |
| Country (United States) | 76 of 243 |
| Year (2001) | 5 of 9 |
| Size (of disclosed) | 42 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-06-18 |
The Galtney Group
Houston, Texas, United States The Galtney Group is an insurance and reinsurance broker and advisor that specializes in medical malpractice and professional liability insurance policies for medical professionals. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-07-30 |
Numara Software
Tampa, Florida, United States Numara Software, Inc. the former Blue Ocean Software business unit of Intuit Inc. is a provider of IT help desk and asset management software solutions to small and medium-sized businesses. The company’s core product, Track-It!, enables IT professionals to collect, assign and resolve help desk requests and audit their internal hardware and software assets. |
Buy | - |
