M&A Deal Summary

HUB International Acquires Compass Insurance Agency

On March 7, 2024, HUB International acquired insurance company Compass Insurance Agency

Acquisition Highlights
  • This is HUB International’s 496th transaction in the Insurance sector.
  • This is HUB International’s 423rd transaction in the United States.
  • This is HUB International’s 10th transaction in Michigan.

M&A Deal Summary

Date 2024-03-07
Target Compass Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Compass Insurance Agency

Grand Rapids, Michigan, United States
Compass Insurance Agency is an independent agency providing personal insurance such as home and auto, and commercial insurance. Compass Insurance Agency is based in Grand Rapids, Michigan.

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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 545 of 579
Sector (Insurance) 496 of 527
Type (Add-on Acquisition) 495 of 527
State (Michigan) 10 of 11
Country (United States) 423 of 454
Year (2024) 7 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Zavitz Insurance and Wealth

London, Ontario, Canada

Zavitz Insurance and Wealth provides group employee benefits, living benefits and life insurance services, and financial and retirement planning to clients in the region and across the country. Zavitz Insurance and Wealth is based in London, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 Bolds Risk & Insurance Services

Larkspur, California, United States

Bolds Risk & Insurance Services is an independent firm providing commercial and personal insurance, and risk management services to clients in the region. Bolds Risk & Insurance Services is based in Larkspur, California.

Buy -