M&A Deal Summary

HUB International Acquires ANCO Insurance

On November 11, 2024, HUB International acquired insurance company ANCO Insurance

Acquisition Highlights
  • This is HUB International’s 523rd transaction in the Insurance sector.
  • This is HUB International’s 450th transaction in the United States.
  • This is HUB International’s 15th transaction in Texas.

M&A Deal Summary

Date 2024-11-11
Target ANCO Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

ANCO Insurance

Bryan, Texas, United States
ANCO Insurance is an independent insurance brokerage in the state that offers solutions for employee benefits, business, and personal insurance coverage. ANCO Insurance was formed in 1873 and is headquartered in Bryan, Texas.

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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 575 of 576
Sector (Insurance) 523 of 524
Type (Add-on Acquisition) 523 of 524
State (Texas) 15 of 15
Country (United States) 450 of 451
Year (2024) 37 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Global Ag Risk Solutions

Moose Jaw, Saskatchewan, Canada

Global Ag Risk Solutions provides industry-leading whole-farm insurance solutions, including parametric solutions and weather modeling technology, to help clients protect the cost of crops and their profit. Global Ag Risk Solutions was founded in 2009 and is based in Moose Jaw, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-13 R.K. Gore & Associates

Lehi, Utah, United States

R.K. Gore & Associates is an independent insurance agency specializing in insurance solutions for the residential construction industry. R.K. Gore & Associates is based in Lehi, Utah.

Buy -