M&A Deal Summary

HUB International Acquires Associated Independent Agencies

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2012-01-04
Target Associated Independent Agencies
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

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(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 97 of 578
Sector (Insurance) 96 of 526
Type (Add-on Acquisition) 82 of 526
State (Washington) 7 of 24
Country (United States) 79 of 453
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 -