Add-on Acquisition • Insurance

Hub Financial Acquires Daystar Financial Group

On December 4, 2013, Hub Financial acquired insurance company Daystar Financial Group

Acquisition Context
  • This is Hub Financial’s 5th transaction in the Insurance sector.
  • This is Hub Financial’s 5th transaction in Canada.
  • This is Hub Financial’s 4th transaction in British Columbia.

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M&A Deal Summary

Date December 4, 2013
Target Daystar Financial Group
Sector Insurance
Buyer(s) Hub Financial
Deal Type Add-on Acquisition

Target Company

Daystar Financial Group

Nanaimo,, British Columbia, Canada
Daystar is an MGA serving independent life insurance and investment advisors, with a specialty in high net worth clientele.
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Buyer Overview 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 Context for Buyer #
Overall 5 of 8
Sector: Insurance 5 of 7
Type: Add-on Acquisition 5 of 8
State: British Columbia 4 of 4
Country: Canada 5 of 8
Year: 2013 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 MGA Partners

Ottawa,, Ontario, Canada

MGA Partners Inc, an Ontario Canada-based managing general agency. MGA has six locations in Windsor, London, Ottawa and Font Hill, Ontario, and offices in Prince Edward Island and Halifax.

Buy -