HUB International Mergers and Acquisitions Summary

InsuranceCompany

HUB International has acquired 532 companies of its own, including 268 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

HUB International’s largest acquisition to date was in 2001, when it acquired Kaye Group for $128M. HUB International has acquired in 49 different US states, and 4 countries. The Company’s most targeted sectors include insurance (92%) and business services (7%).

Join Mergr and gain access to HUB International’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity535
    • M&A Buy Activity532
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 46

HUB International

HUB International Ltd.

150 North Riverside Plaza 17th Floor,
Chicago, Illinois 60606
United States,
(877) 402-6601
www.hubinternational.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (44.2/yr) # 311 51 43 62 42 23 532
vol $130M $130M
Sell (0.4/yr) # 1 1 - - 1 - 3
  535

Most Recent M&A

Company Date Value Type
Renaissance Benefit Advisors Group LLC 2023-11-06 - Add-on Acquisition
Pearl River, New York · www.rbagllc.com
Franklin Financial Group LLC 2023-11-03 - Add-on Acquisition
Hunt Valley, Maryland · www.franklin-group.com
Asset Protection, Inc. 2023-10-16 - Add-on Acquisition
Midlothian, Virginia · www.apgroupinc.com
D'Onofrio Insurance 2023-10-13 - Add-on Acquisition
Laval, Quebec · www.assurancedonofrio.ca
GJJK, Inc. 2023-09-07 - Add-on Acquisition
Mississauga, Ontario
Dieffenbach Benefits Group LLC 2023-09-06 - Add-on Acquisition
St. Louis, Missouri · www.farehealthcare.com
Shinstrom & Norman, Inc. 2023-08-10 - Add-on Acquisition
Kirkland, Washington · www.shinstromnorman.com
Horizon Insurance, Inc. 2023-08-09 - Add-on Acquisition
Worcester, Massachusetts · www.insurewithhorizon.com
Assured Risk Advisors 2023-08-03 - Add-on Acquisition
Irwin, Pennsylvania · www.assured-risk.com
Golden Ears Insurance Services Ltd. 2023-08-02 - Add-on Acquisition
Surrey, British Columbia · www.goldenearsinsurance.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Summit Financial Corp. 2017-11-27 MVB Bank’s Southern West Virginia Community Banking Operations 2021-04-23 2
Burlington, Massachusetts · www.summitfinancialcorp.com Charleston, West Virginia
Summit Financial Corp. 2017-11-27 MVB Financial Corp. - Four WV Eastern Panhandle Banking Centers 2020-04-24 1
Burlington, Massachusetts · www.summitfinancialcorp.com Martinsburg, West Virginia
MDW Insurance Group, Inc. 2016-12-05 A.I.R. Insurance Marketing, Inc. 2016-12-05 2
Coral Gables, Florida · www.mdwinsurance.com , United States
MDW Insurance Group, Inc. 2016-12-05 Agents Insurance Resources, Inc. 2016-12-05 1
Coral Gables, Florida · www.mdwinsurance.com Coral Gables, Florida
St. Andrews Insurance Ltd. 2013-06-05 St. Andrews Book Of Commercial Line Business 2014-05-02 1
Lockport,, Manitoba , Canada

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 487 (92%) 130M (100%) 3 (100%) -
Business Services 35 (7%) - - -
Financial Services 6 (1%) - - -
Healthcare Services 1 (< 1%) - - -
Information Technology 1 (< 1%) - - -
Infrastructure 1 (< 1%) - - -
Software 1 (< 1%) - - -
Total 532 $130M 3 -

By Geo

State/Country Buy Value Sell Value
United States 415 128M 3 -
  California 71 - 1 -
  Florida 26 - - -
  Massachusetts 25 - - -
  New York 23 128M - -
  Washington 22 - 1 -
  Illinois 22 - - -
  Maryland 15 - - -
  Pennsylvania 14 - - -
  Texas 13 - - -
  New Mexico 11 - - -
  Montana 11 - - -
  Louisiana 9 - - -
  Georgia 8 - - -
  Michigan 8 - - -
  Virginia 7 - - -
  Colorado 7 - - -
  Oregon 7 - - -
  Arkansas 7 - - -
  Arizona 7 - - -
  North Carolina 7 - - -
  Mississippi 7 - - -
  Tennessee 6 - - -
  Wisconsin 5 - - -
  South Carolina 5 - - -
  Oklahoma 4 - - -
  Alaska 4 - - -
  Kansas 3 - - -
  Indiana 3 - - -
  Idaho 3 - - -
  Connecticut 3 - - -
  North Dakota 3 - - -
  Alabama 3 - - -
  New Jersey 3 - - -
  Maine 3 - - -
  Kentucky 3 - - -
  Vermont 2 - - -
  Utah 2 - - -
  Ohio 2 - - -
  New Hampshire 2 - - -
  Missouri 2 - - -
  Minnesota 2 - - -
  Rhode Island 1 - 1 -
  Wyoming 1 - - -
  Iowa 1 - - -
  District of Columbia 1 - - -
  Delaware 1 - - -
  Nevada 1 - - -
  Nebraska 1 - - -
Canada 113 2M - -
  Ontario 30 2M - -
  Alberta 24 - - -
  Saskatchewan 15 - - -
  British Columbia 15 - - -
  Manitoba 11 - - -
  Quebec 10 - - -
  Nova Scotia 2 - - -
  New Brunswick 1 - - -
Puerto Rico 3 - - -
Brazil 1 - - -
Domestic 415 (78%) 128M (99%) 3 (100%) -
Cross-border 117 (22%) 2M (1%) - -
Total 532 $130M 3 -

Deal Values

buy # Total
$100M to $1B 1 $128M
< $100M 1 $2M
TOTAL $130M
Largest Kaye Group, Inc.
$128M (2001-06-28)

M&A Connections

Deals
Acquired from
Investor(s)
< 1%
1 (< 1%)
Strategic(s)
9%
48 (9%)
Divested to
Strategic(s)
100%
3 (100%)

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