M&A Deal Summary

HUB International Acquires 1st Alaska Insurance

On June 2, 2016, HUB International acquired insurance company 1st Alaska Insurance

Acquisition Highlights
  • This is HUB International’s 195th transaction in the Insurance sector.
  • This is HUB International’s 162nd transaction in the United States.
  • This is HUB International’s 4th transaction in Arkansas.

M&A Deal Summary

Date 2016-06-02
Target 1st Alaska Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

1st Alaska Insurance

Soldotna, Arkansas, United States
1st Alaska Insurance LLC is specializes in providing personal lines insurance solutions.

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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 199 of 576
Sector (Insurance) 195 of 524
Type (Add-on Acquisition) 173 of 524
State (Arkansas) 4 of 7
Country (United States) 162 of 451
Year (2016) 12 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 First Santa Fe Insurance Services

Albuquerque, New Mexico, United States

First Santa Fe Insurance Services, Inc. is specializes in providing commercial and personal insurance solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 FirstBank Insurance Agency

San Juan, Puerto Rico

FirstBank Insurance Agency, Inc. is a general agency providing property and casualty insurance solutions.

Buy -