M&A Deal Summary

HUB International Acquires Asset Protection Group

On October 16, 2023, HUB International acquired insurance company Asset Protection Group

Acquisition Highlights
  • This is HUB International’s 486th transaction in the Insurance sector.
  • This is HUB International’s 413th transaction in the United States.
  • This is HUB International’s 7th transaction in Virginia.

M&A Deal Summary

Date 2023-10-16
Target Asset Protection Group
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Asset Protection Group

Midlothian, Virginia, United States
AP Group is a full-service insurance agency that specializes in providing quality insurance coverage for dentists, oral surgeons, physicians, business professionals, and associations. AP Group was founded in 1995 and is based in Midlothian, Virginia.

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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 530 of 578
Sector (Insurance) 486 of 526
Type (Add-on Acquisition) 481 of 526
State (Virginia) 7 of 8
Country (United States) 413 of 453
Year (2023) 21 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-13 D Onofrio Insurance

Laval, Quebec, Canada

D'Onofrio Insurance is an independent firm providing commercial and personal insurance to clients in the region, based in Laval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Franklin Financial Group

Hunt Valley, Maryland, United States

Franklin Financial Group is a financial services firm with veteran leadership that assists businesses and individuals with solving complex employee benefits, insurance and other financial needs. Franklin Financial Group is based in Hunt Valley, Maryland.

Buy -