HUB International Mergers and Acquisitions Summary

Insurance Company

HUB International has acquired 387 companies of its own, including 236 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

HUB International’s largest acquisition to date was in 2001, when it acquired Kaye Group for $128M. HUB International has acquired in 46 different US states, and 4 countries. The Company’s most targeted sectors include insurance (94%) and business services (5%).

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 Activity389
    • M&A Buy Activity387
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 39

HUB International Ltd.

55 East Jackson Boulevard,
Chicago, Illinois 60604
United States,
(877) 402-6601
www.hubinternational.com

HUB International Ltd. 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 was formed in 1998 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (40.6/yr) # 184 33 44 47 51 28 387
vol $130M $130M
Sell (0.2/yr) # 1 - - - 1 - 2
  389

Most Recent M&A

Company Date Value Type
Todd and Associates LLC 2020-09-09 - Add-on Acquisition
Lake Charles, Louisiana
Charles R. (Rhett) Butler 2020-09-08 - Add-on Acquisition
Rockville, Maryland
Employee Benefits Corp. 2020-09-04 - Add-on Acquisition
Middleton, Wisconsin · www.ebcflex.com
Hollis Companies LLC 2020-09-04 - Add-on Acquisition
Metairie, Louisiana · www.holliscompanies.com
Rockville Insurance Agency, Inc. 2020-09-03 - Add-on Acquisition
Gaithersburg, Maryland · www.rockvilleins.com
Elevate Insurance Brokers, Inc. 2020-09-02 - Add-on Acquisition
Grande Prairie, Alberta · www.elevateinsurance.ca
ivari - MGA Assets 2020-07-02 - Divestiture
Toronto, Ontario
The Clements Agency, Inc. 2020-06-08 - Add-on Acquisition
Tucson, Arizona · www.clementsinsurance.com
HB Consultants 2020-06-03 - Add-on Acquisition
Calgary, Alberta · www.hbconsultants.ca
J.M. Rose Insurance Agency Ltd. 2020-06-02 - Add-on Acquisition
Toronto, Ontario · www.usefulideas.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
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
Rise People, Inc. 2018-12-17 Hazel 2019-10-02 1
Vancouver, British Columbia · www.risepeople.com Vancouver, British Columbia · www.hazelhq.com
Totten Insurance Group Inc. 2007-12-31 Anderson McTague & Associates Ltd. 2018-10-03 6
London, Ontario · www.tottengroup.com Saint John, New Brunswick · www.andersonmctague.com
Totten Insurance Group Inc. 2007-12-31 Belyer Insurance Ltd. 2018-01-03 5
London, Ontario · www.tottengroup.com Windsor, Ontario · www.easyinsure.ca
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
Totten Insurance Group Inc. 2007-12-31 Canadian Resources Insurance Solutions, Inc. 2016-08-03 4
London, Ontario · www.tottengroup.com Greater Sudbury, Ontario · www.crisinsure.com
Hub Financial Inc.    - Cortex Financial Inc. 2015-04-06 7
Woodbridge, Ontario · www.hubfinancial.com Thornhill,, Ontario
Totten Insurance Group Inc. 2007-12-31 National Brokerage Services Inc. 2015-03-04 3
London, Ontario · www.tottengroup.com Montreal,, Quebec · www.scn-nbs.com
Hub Financial Inc.    - MGA Partners Inc. 2014-12-03 6
Woodbridge, Ontario · www.hubfinancial.com Ottawa,, Ontario · www.mgapartners.ca

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 363 (94%) 130M (100%) 2 (100%) -
Business Services 19 (5%) - - -
Financial Services 2 (1%) - - -
Information Technology 1 (< 1%) - - -
Infrastructure 1 (< 1%) - - -
Software 1 (< 1%) - - -
Total 387 $130M 2 -

By Geo

State/Country Buy Value Sell Value
United States 291 128M 2 -
  California 57 - - -
  New York 17 128M - -
  Washington 16 - 1 -
  Florida 16 - - -
  Massachusetts 15 - - -
  Illinois 12 - - -
  Maryland 10 - - -
  New Mexico 10 - - -
  Montana 9 - - -
  Texas 8 - - -
  Pennsylvania 8 - - -
  Colorado 7 - - -
  Arkansas 7 - - -
  North Carolina 6 - - -
  Michigan 6 - - -
  Georgia 5 - - -
  Tennessee 5 - - -
  Mississippi 5 - - -
  Louisiana 4 - - -
  Wisconsin 4 - - -
  Oklahoma 4 - - -
  Maine 3 - - -
  Idaho 3 - - -
  Arizona 3 - - -
  Oregon 3 - - -
  Alaska 3 - - -
  New Jersey 3 - - -
  Indiana 2 - - -
  Utah 2 - - -
  South Carolina 2 - - -
  North Dakota 2 - - -
  Alabama 2 - - -
  New Hampshire 2 - - -
  Rhode Island 1 - 1 -
  Kentucky 1 - - -
  Kansas 1 - - -
  Iowa 1 - - -
  Virginia 1 - - -
  Vermont 1 - - -
  District of Columbia 1 - - -
  Connecticut 1 - - -
  Nevada 1 - - -
  Nebraska 1 - - -
  Missouri 1 - - -
  Minnesota 1 - - -
Canada 93 2M - -
  Ontario 24 2M - -
  Alberta 19 - - -
  Saskatchewan 13 - - -
  British Columbia 13 - - -
  Manitoba 11 - - -
  Quebec 7 - - -
  Nova Scotia 1 - - -
  New Brunswick 1 - - -
Puerto Rico 2 - - -
Brazil 1 - - -
Domestic 291 (75%) 128M (99%) 2 (100%) -
Cross-border 96 (25%) 2M (1%) - -
Total 387 $130M 2 -

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
PE Firm(s)
2%
1 2%
Strategic(s)
98%
40 98%
Divested to
Strategic(s)
100%
2 100%

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