M&A Deal Summary

HUB International Acquires Wade Associates

On July 22, 2024, HUB International acquired insurance company Wade Associates

Acquisition Highlights
  • This is HUB International’s 514th transaction in the Insurance sector.
  • This is HUB International’s 441st transaction in the United States.
  • This is HUB International’s 8th transaction in North Carolina.

M&A Deal Summary

Date 2024-07-22
Target Wade Associates
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Wade Associates

Davidson, North Carolina, United States
Wade Associates is an independent insurance agency offering a comprehensive suite of insurance and risk management solutions. Wade Associates was formed in 1992 and is based in Davidson, North Carolina.

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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 564 of 568
Sector (Insurance) 514 of 517
Type (Add-on Acquisition) 514 of 518
State (North Carolina) 8 of 8
Country (United States) 441 of 445
Year (2024) 26 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-19 McClements Insurance Services

Ventura, California, United States

McClements Insurance Services is a commercial insurance agency helping large employers creative solutions for their employee benefits and HR compliance challenges. McClements Insurance Services is based in Ventura, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 IMC

Erie, Pennsylvania, United States

IMC provides commercial insurance and risk management services to commercial, industrial, institutional, and construction risks. Insurance Management was formed in 1933 and is headquartered in Erie, Pennsylvania.

Buy -