Add-on Acquisition • Insurance

HUB International Acquires Assurance Dumas & associés inc.

On January 4, 2001, HUB International acquired insurance company Assurance Dumas & associés inc.

Acquisition Context
  • This is HUB International’s 4th transaction in the Insurance sector.
  • This is HUB International’s 3rd transaction in Canada.
  • This is HUB International’s 1st transaction in Quebec.

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M&A Deal Summary

Date January 4, 2001
Target Assurance Dumas & associés inc.
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Assurance Dumas & associés inc.

Quebec, Canada
Dumas & associés inc., is a third generation insurance brokerage firm.
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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 4 of 602
Sector: Insurance 4 of 547
Type: Add-on Acquisition 4 of 550
State: Quebec 1 of 12
Country: Canada 3 of 122
Year: 2001 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-04 C.J. McCarthy Insurance Agency

Wilmington,, Massachusetts, United States

C.J. McCarthy Insurance Agency is a provider of insurance brokerage services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-24 Kennedy Consulting Group

Illinois, United States

Kennedy Consulting Group specializes in providing employee benefits consulting services to a diverse group of public and private sector clients.

Buy -