M&A Deal Summary

HUB International Acquires Alexander Insurance Agency

On February 4, 2015, HUB International acquired insurance company Alexander Insurance Agency

Acquisition Highlights
  • This is HUB International’s 154th transaction in the Insurance sector.
  • This is HUB International’s 124th transaction in the United States.
  • This is HUB International’s 1st transaction in Texas.

M&A Deal Summary

Date 2015-02-04
Target Alexander Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Alexander Insurance Agency

San Antonio, Texas, United States
Alexander Insurance Agency, Inc. is an independent brokerage of commercial lines insurance for the commercial towing and transportation industries, addressing the unique class of auto insurance and special coverage needs of this industry.

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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 158 of 580
Sector (Insurance) 154 of 528
Type (Add-on Acquisition) 137 of 528
State (Texas) 1 of 15
Country (United States) 124 of 455
Year (2015) 4 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 Fidelity Associates

Spokane, Washington, United States

Fidelity Associates, Inc. is a full-service commercial lines, personal lines and employee benefits agency and brokerage, with industry expertise in education, retail, wholesale, construction, manufacturing, service, wineries, and non-profits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-05 Laubacher Insurance Agency

Oxnard, California, United States

Laubacher is a provider of insurance for property and casualty, employee benefits and personal lines agency and brokerage.

Buy -