M&A Deal Summary

HUB International Acquires Shattuck & Grummett Insurance

On December 3, 2021, HUB International acquired insurance company Shattuck & Grummett Insurance

Acquisition Highlights
  • This is HUB International’s 425th transaction in the Insurance sector.
  • This is HUB International’s 346th transaction in the United States.
  • This is HUB International’s 4th transaction in Alaska.

M&A Deal Summary

Date 2021-12-03
Target Shattuck & Grummett Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition
Advisor(s) Reagan Consulting, Inc. (Financial)

Target

Shattuck & Grummett Insurance

Juneau, Alaska, United States
website
Shattuck & Grummett Insurance provides commercial and personal insurance, and employee benefits services, to Alaska businesses and individuals. Shattuck & Grummett Insurance was founded in 1898 and is based in Juneau, Alaska.

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Buyer(S) 1

Buyer

HUB International

Chicago, Illinois, United States

website


Category Company
Founded 1998
SectorInsurance
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 458 of 503
Sector (Insurance) 425 of 462
Type (Add-on Acquisition) 413 of 455
State (Alaska) 4 of 4
Country (United States) 346 of 389
Year (2021) 53 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Catto & Catto

San Antonio, Texas, United States

Catto & Catto provides commercial and personal insurance, risk management, surety, benefits and wellness solutions to clients. Catto & Catto specializes in various industries, including construction and real estate. Catto & Catto was founded in 1933 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Fiducia Group

Pittsburgh, Pennsylvania, United States

Fiducia Group is a provider of 401(k) & retirement plan consulting services to the corporate, Taft-Hartley, public and non-profit sectors. Fiducia Group was founded in 2008 and is based in Pittsburgh, Pennsylvania.

Buy -