M&A Deal Summary

HUB International Acquires BenefitLink Resource Group

On July 2, 2019, HUB International acquired insurance company BenefitLink Resource Group from Gallagher

Acquisition Highlights
  • This is HUB International’s 322nd transaction in the Insurance sector.
  • This is HUB International’s 78th transaction in Canada.
  • This is HUB International’s 14th transaction in Alberta.

M&A Deal Summary

Date 2019-07-02
Target BenefitLink Resource Group
Sector Insurance
Buyer(s) HUB International
Sellers(s) Gallagher
Deal Type Divestiture

Target

BenefitLink Resource Group

Edmonton, Alberta, Canada
BenefitLink Resource Group, Inc. is an independent benefit and retirement consulting firm focused on optimizing expenditures, driving efficiencies, and simplifying the management of benefit and retirement plans. BenefitLink Resource Group was founded in 2001 and is based in Edmonton, Alberta.

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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 336 of 581
Sector (Insurance) 322 of 529
Type (Divestiture) 38 of 52
State (Alberta) 14 of 26
Country (Canada) 78 of 121
Year (2019) 25 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Foster & Parker Insurance Agency

Madera, California, United States

Foster & Parker Insurance Agency, Inc. is a full-service independent insurance agency. Specializing in Home, Auto, Business, Farm, and Life & Health insurance solutions, we combine our strong insurance background and product knowledge to assist both future and current clients in managing and planning for all potential risks. Foster & Parker Insurance Agency, Inc. was founded in 1959 and is based in Madera, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-03 Berk Bilgen Insurance

Edmonton, Alberta, Canada

Berk Bilgen Insurance Ltd. is an independent insurance brokerage based in Edmonton, Alberta, Canada, offering personal and commercial insurance solutions, including home, auto, life, and travel.

Buy -

Seller(S) 1

SELLER

Gallagher

Rolling Meadows, Illinois, United States

Category Company
Founded 1927
Sector Insurance
Employees44,000
Revenue 10.1B USD (2023)
DESCRIPTION
Gallagher's headquarters in Rolling Meadows, Illinois.
Gallagher's headquarters in Rolling Meadows, Illinois.

Gallagher is an international insurance brokerage and risk management services firm. Gallagher has operations in 27 countries and offers its services in more than 140 countries around the world through a network of correspondent brokers and consultants. Gallagher was incorporated in 1927 and is based in Rolling Meadows, Illinois.


DEAL STATS #
Overall 5 of 8
Sector (Insurance) 4 of 7
Type (Divestiture) 4 of 7
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Renomia a.s.

Brno, Czech Republic

Renomia a.s. is an insurance brokerage company that provides risk management, flexible claims settlement, and insurance services. Renomia a.s. was founded in 1993 and is based in Brno, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Stonehenge Insurance Solutions

Palm Beach Gardens, Florida, United States

Stonehenge Insurance Solutions, Inc. offers commercial insurance products and consulting services to Professional Employer Organizations (PEO's) and Staffing clients throughout the United States. Stonehenge delivers specialized products such as worker's compensation; professional, employment practices, general and cyber liability; commercial, hired and non-owned auto; workplace violence; umbrella coverages; and many other customized solutions.

Buy -