M&A Deal Summary

Hub Financial Acquires Best Advice Financial Services

On April 2, 2009, Hub Financial acquired insurance company Best Advice Financial Services

Acquisition Highlights
  • This is Hub Financial’s 3rd transaction in the Insurance sector.
  • This is Hub Financial’s 3rd transaction in Canada.
  • This is Hub Financial’s 1st transaction in Ontario.

M&A Deal Summary

Date 2009-04-02
Target Best Advice Financial Services
Sector Insurance
Buyer(s) Hub Financial
Deal Type Add-on Acquisition

Target

Best Advice Financial Services

North York,, Ontario, Canada
Best Advice Financial Services Inc. operates as a life insurance Managing General Agency (MGA) for over 3,000 independent life insurance agents and Associated General Agents in Canada.

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Buyer(S) 1

Buyer

Hub Financial

Woodbridge, Ontario, Canada

Category Company
Sector Insurance
DESCRIPTION

Hub Financial Inc, is engaged in managing general agency for independent life insurance agents and general agents in Canada.


DEAL STATS #
Overall 3 of 8
Sector (Insurance) 3 of 7
Type (Add-on Acquisition) 3 of 8
State (Ontario) 1 of 4
Country (Canada) 3 of 8
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-09 Falkenberg Agencies

Charlie Lake, British Columbia, Canada

Falkenberg Agencies a British Columbia-based agency specializing in life and investment products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-04 Complete Brokerage Services

Richmond,, British Columbia, Canada

Complete Brokerage Services is an managing general agency firm that specializes in the development of independent life insurance and financial planning strategies.

Buy -