M&A Deal Summary

HUB International Acquires Baker & Associates

On October 3, 2017, HUB International acquired insurance company Baker & Associates

Acquisition Highlights
  • This is HUB International’s 250th transaction in the Insurance sector.
  • This is HUB International’s 205th transaction in the United States.
  • This is HUB International’s 2nd transaction in Alaska.

M&A Deal Summary

Date 2017-10-03
Target Baker & Associates
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Baker & Associates

Fairbanks, Alaska, United States
Baker & Associates, Inc. is a property and casualty insurance services provider. Baker & Associates, Inc. was established in 1979 and is based in Fairbanks, Alaska.

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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 254 of 576
Sector (Insurance) 250 of 524
Type (Add-on Acquisition) 222 of 524
State (Alaska) 2 of 4
Country (United States) 205 of 451
Year (2017) 34 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Rural Alaska Insurance Agency

Fairbanks, Arkansas, United States

Rural Alaska Insurance Agency, Inc. is a specializes in property and casualty insurance. Rural Alaska Insurance Agency is based in Fairbanks, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Costello & Sons Insurance Brokers

San Rafael, California, United States

Costello & Sons Insurance Brokers, Inc. is a provider of commercial lines insurance for technology, venture capital and private equity firms as well as private client services. Costello & Sons Insurance Brokers, Inc. was established in 1939 and is based in San Rafael, California.

Buy -