Add-on Acquisition • Insurance

HUB International Acquires Associated Independent Agencies

On January 4, 2012, HUB International acquired insurance company Associated Independent Agencies

Acquisition Context
  • This is HUB International’s 96th transaction in the Insurance sector.
  • This is HUB International’s 79th transaction in the United States.
  • This is HUB International’s 7th transaction in Washington.

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M&A Deal Summary

Date January 4, 2012
Target Associated Independent Agencies
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Associated Independent Agencies

Pullman, Washington, United States
Associated Independent Agencies, offers personal, commercial and employee benefits solutions, with a deep niche in serving the insurance and risk management needs of small businesses, including the crop industry.
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Buyer Overview 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 founded in 1998 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 97 of 602
Sector: Insurance 96 of 547
Type: Add-on Acquisition 82 of 550
State: Washington 7 of 26
Country: United States 79 of 476
Year: 2012 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-13 Harmonia Corretora de Seguros e Resseguros

São Paulo, Brazil

Harmonia is one of the independent brokerage firms in Brazil, offering a broad suite of insurance solutions to , its clients, which include individuals and Brazilian and multinational companies across many industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-05 Patrion Insurance Services

Riverside, California, United States

Patrion Insurance Services, offers a complete range of personal, commercial, and employee benefits products and services to a client base throughout southern California.

Buy -