M&A Deal Summary

HUB International Acquires 401k Advisors

On April 6, 2022, HUB International acquired insurance company 401k Advisors

Acquisition Highlights
  • This is HUB International’s 444th transaction in the Insurance sector.
  • This is HUB International’s 367th transaction in the United States.
  • This is HUB International’s 18th transaction in Illinois.

M&A Deal Summary
Date 2022-04-06
Target 401k Advisors
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

401k Advisors

Wilmette, Illinois, United States
401k Advisors is a provider of retirement plan consulting services. With $1.3 billion in assets under advisement, 401(k) Advisors assist plan sponsors in the areas of plan design, benchmarking, investment advice, fiduciary compliance, and participant outcomes. 401k Advisors was founded in 2000 and is located in Wilmette, Illinois.

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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 480 of 578
Sector (Insurance) 444 of 526
Type (Add-on Acquisition) 434 of 526
State (Illinois) 18 of 22
Country (United States) 367 of 453
Year (2022) 13 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 JAG Insurance Group

Coral Gables, Florida, United States

JAG Insurance Group provides clients in various industries, including hospitality, non-profit, and real estate industries, with insurance, consulting services, research, and risk management. JAG Insurance Group is headquartered in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-08 Marketing Management Associates

Landover, Maryland, United States

Marketing Management Associates is a full-service insurance agency providing clients with commercial and personal insurance. Marketing Management Associates is based in Landover, Maryland.

Buy -
Mergr

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