HUB International Mergers and Acquisitions Summary

Insurance Company

HUB International has acquired 381 companies of its own, including 217 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 Activity383
    • M&A Buy Activity381
    • 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 (39.4/yr) # 184 33 44 47 51 22 381
vol $130M $130M
Sell (0.2/yr) # 1 - - - 1 - 2
  383

Most Recent M&A

Company Date Value Type
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
Lashua-LaChance & Poliks Insurance Agency, Inc. 2020-05-15 - Add-on Acquisition
Gardner, Massachusetts · www.lashua-lachance.com
Hatchett Insurance Agency LLC 2020-05-14 - Add-on Acquisition
Winchester, Tennessee · www.hatchettinsurance.com
Vestas Damage Insurance Firm, Inc. 2020-05-13 - Add-on Acquisition
Montreal, Quebec · www.vestasassurance.com
Vestas Financial Services Firm, Inc. 2020-05-13 - Add-on Acquisition
Montreal, Quebec · www.vestasassurance.com
The Healy Group, Inc. - Employee Benefits Division 2020-05-12 - Divestiture
South Bend, Indiana
The B&G Group, Inc. 2020-05-11 - Add-on Acquisition
Plainview, New York · www.thebggroup.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 357 (94%) 130M (100%) 2 (100%) -
Business Services 19 (5%) - - -
Financial Services 2 (1%) - - -
Information Technology 1 (< 1%) - - -
Infrastructure 1 (< 1%) - - -
Software 1 (< 1%) - - -
Total 381 $130M 2 -

By Geo

State/Country Buy Value Sell Value
United States 286 128M 2 -
  California 57 - - -
  New York 17 128M - -
  Washington 16 - 1 -
  Florida 16 - - -
  Massachusetts 15 - - -
  Illinois 12 - - -
  New Mexico 10 - - -
  Montana 9 - - -
  Maryland 8 - - -
  Texas 8 - - -
  Pennsylvania 8 - - -
  Colorado 7 - - -
  Arkansas 7 - - -
  North Carolina 6 - - -
  Michigan 6 - - -
  Georgia 5 - - -
  Tennessee 5 - - -
  Mississippi 5 - - -
  Oklahoma 4 - - -
  Maine 3 - - -
  Wisconsin 3 - - -
  Idaho 3 - - -
  Arizona 3 - - -
  Oregon 3 - - -
  Alaska 3 - - -
  New Jersey 3 - - -
  Louisiana 2 - - -
  Indiana 2 - - -
  Utah 2 - - -
  South Carolina 2 - - -
  Alabama 2 - - -
  North Dakota 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 92 2M - -
  Ontario 24 2M - -
  Alberta 18 - - -
  Saskatchewan 13 - - -
  British Columbia 13 - - -
  Manitoba 11 - - -
  Quebec 7 - - -
  Nova Scotia 1 - - -
  New Brunswick 1 - - -
Puerto Rico 2 - - -
Brazil 1 - - -
Domestic 286 (75%) 128M (99%) 2 (100%) -
Cross-border 95 (25%) 2M (1%) - -
Total 381 $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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