M&A Deal Summary

HUB International Acquires The Musgrave Group

On December 12, 2023, HUB International acquired insurance company The Musgrave Group

Acquisition Highlights
  • This is HUB International’s 491st transaction in the Insurance sector.
  • This is HUB International’s 115th transaction in Canada.
  • This is HUB International’s 26th transaction in Alberta.

M&A Deal Summary

Date 2023-12-12
Target The Musgrave Group
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

The Musgrave Group

Canmore, Alberta, Canada
The Musgrave Group is an employee benefits firm specializing in customized employee health benefits programs for small and mid-size companies. The Musgrave Group is based in Canmore, Alberta.

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Buyer(S) 1

Buyer

HUB International

Chicago, Illinois, United States

Category Company
Founded 1998
Sector Insurance
Employees10,000
Revenue 2.2B USD (2018)
DESCRIPTION
HUB International office in Burlington, North Carolina.
HUB International office in Burlington, North Carolina.

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.


DEAL STATS #
Overall 537 of 581
Sector (Insurance) 491 of 529
Type (Add-on Acquisition) 488 of 529
State (Alberta) 26 of 26
Country (Canada) 115 of 121
Year (2023) 28 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 JRP Employee Benefit Solutions

Calgary, Alberta, Canada

JRP is an independent benefits brokerage firm specializing in employee benefits, pension planning and human resources. JRP was founded in 2011 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 CGC Consultants

Montreal, Quebec, Canada

CGC Consultants is an advisory firm specializing in human resources strategy, recruitment, pay equity, global compensation, governance, and communication. CGC Consultants is based in Montreal, Quebec.

Buy -