M&A Deal Summary

HUB International Acquires Apex Insurance Benefits

On December 14, 2018, HUB International acquired insurance company Apex Insurance Benefits

Acquisition Highlights
  • This is HUB International’s 302nd transaction in the Insurance sector.
  • This is HUB International’s 240th transaction in the United States.
  • This is HUB International’s 3rd transaction in Idaho.

M&A Deal Summary

Date 2018-12-14
Target Apex Insurance Benefits
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Apex Insurance Benefits

Blackfoot, Idaho, United States
Apex Insurance Benefits LLC is an employee benefit consulting firm focusing on group health, employee benefits, individual health, and senior health products. Apex Insurance Benefits is based in Blackfoot, Idaho.

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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 310 of 576
Sector (Insurance) 302 of 524
Type (Add-on Acquisition) 275 of 524
State (Idaho) 3 of 3
Country (United States) 240 of 451
Year (2018) 46 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 G.P. Barich Insurance Agency

Redlands, California, United States

G.P. Barich Insurance Agency, Inc. is an independent insurance agency that provides personal and commercial property and casualty insurance, risk management, and life & health insurance. G.P. Barich Insurance Agency, Inc. is based in Redlands, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Rise People

Vancouver, British Columbia, Canada

Rise People, Inc. is a developer of software for human resources, payroll, and benefits administration solution. Rise People is based in Vancouver, British Columbia.

Buy -