HUB International - M&A Summary, Ownership, and Business Overview

InsuranceCompany

HUB International M&A Summary

HUB International has acquired 552 companies of its own, including 241 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%).

HUB International Ownership

Who owns HUB International?

HUB International is owned by Altas Partners, HarbourVest Partners and Hellman & Friedman. It was acquired on August 5, 2013.

Is HUB International PE-backed?

Yes. HUB International is owned by private equity investors Altas Partners, HarbourVest Partners and Hellman & Friedman.

Was HUB International formerly PE-backed?

Yes. HUB International was formerly owned by 1 private investor.

HUB International Business Overview

Where is HUB International headquartered?

HUB International is headquartered in Chicago, Illinois.

What is HUB International’s revenue?

HUB International disclosed revenue of 2,150M USD for 2018 and 1,200M USD for 2013.

How many employees does HUB International have?

HUB International has 10,000 employees.

What sector is HUB International in?

HUB International is an insurance company.

When was HUB International founded?

HUB International was founded in 1998.

M&A Summary

  • M&A Total Activity555
    • M&A Buy Activity552
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 47

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (38.0/yr) # 362 43 62 42 29 14 552
vol $130M $130M
Sell (0.2/yr) # 2 - - 1 - - 3
  555

Most Recent M&A

Company Date Value Type
True North Group Insurance Services LLC 2024-05-07 - Add-on Acquisition
Howell, Michigan · www.truenorthinsured.com
William R. Cargill Insurance Agency, Inc. 2024-05-06 - Add-on Acquisition
Topsfield, Massachusetts · www.cargillinsurance.com
Merriwether & Williams Insurance Services, Inc. 2024-05-02 - Add-on Acquisition
San Francisco, California · www.imwis.com
Pollock Insurance, Inc. 2024-04-04 - Add-on Acquisition
Burien, Washington · www.pollockinsurance.com
Sale Insurance Agency, Inc. 2024-04-03 - Add-on Acquisition
Lakeland, Florida · www.saleinsurance.com
Preferred Services Group 2024-03-21 - Add-on Acquisition
Cedarhurst, New York
Bolds Risk & Insurance Services 2024-03-11 - Add-on Acquisition
Larkspur, California · www.boldsrisk.com
Alliance Insurance Agency, Inc. 2024-03-07 - Add-on Acquisition
Grand Rapids, Michigan · www.compass-insurance-agency.com
Zavitz Insurance and Wealth, Inc. 2024-03-06 - Add-on Acquisition
London, Ontario · www.zavitzinsurance.com
A.S. Arbury and Sons, Inc. 2024-03-05 - Add-on Acquisition
Midland, Michigan · www.arburyins.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 503 (91%) 130M (100%) 3 (100%) -
Business Services 38 (7%) - - -
Financial Services 7 (1%) - - -
Healthcare Services 1 (< 1%) - - -
Information Technology 1 (< 1%) - - -
Infrastructure 1 (< 1%) - - -
Software 1 (< 1%) - - -
Total 552 $130M 3 -

By Geo

State/Country Buy Value Sell Value
United States 430 128M 3 -
  California 73 - 1 -
  Florida 28 - - -
  Massachusetts 26 - - -
  New York 25 128M - -
  Washington 24 - 1 -
  Illinois 22 - - -
  Maryland 15 - - -
  Pennsylvania 14 - - -
  Texas 13 - - -
  Michigan 11 - - -
  New Mexico 11 - - -
  Montana 11 - - -
  Louisiana 9 - - -
  Virginia 8 - - -
  Georgia 8 - - -
  Colorado 8 - - -
  Mississippi 7 - - -
  Oregon 7 - - -
  Arkansas 7 - - -
  Arizona 7 - - -
  North Carolina 7 - - -
  Tennessee 6 - - -
  Wisconsin 5 - - -
  South Carolina 5 - - -
  Oklahoma 4 - - -
  Alaska 4 - - -
  Maine 3 - - -
  Kentucky 3 - - -
  Kansas 3 - - -
  Indiana 3 - - -
  Idaho 3 - - -
  Connecticut 3 - - -
  North Dakota 3 - - -
  Alabama 3 - - -
  New Jersey 3 - - -
  New Hampshire 3 - - -
  Minnesota 2 - - -
  Vermont 2 - - -
  Utah 2 - - -
  Ohio 2 - - -
  Missouri 2 - - -
  Rhode Island 1 - 1 -
  Wyoming 1 - - -
  Iowa 1 - - -
  District of Columbia 1 - - -
  Delaware 1 - - -
  Nevada 1 - - -
  Nebraska 1 - - -
Canada 118 2M - -
  Ontario 32 2M - -
  Alberta 26 - - -
  British Columbia 15 - - -
  Saskatchewan 15 - - -
  Quebec 11 - - -
  Manitoba 11 - - -
  Nova Scotia 2 - - -
  New Brunswick 1 - - -
Puerto Rico 3 - - -
Brazil 1 - - -
Domestic 430 (78%) 128M (99%) 3 (100%) -
Cross-border 122 (22%) 2M (1%) - -
Total 552 $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%
49 (9%)
Divested to
Strategic(s)
100%
3 (100%)

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