Add-on Acquisition • Insurance

HUB International Acquires Berk Bilgen Insurance

On July 3, 2019, HUB International acquired insurance company Berk Bilgen Insurance

Acquisition Context
  • This is HUB International’s 323rd transaction in the Insurance sector.
  • This is HUB International’s 79th transaction in Canada.
  • This is HUB International’s 15th transaction in Alberta.

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M&A Deal Summary

Date July 3, 2019
Target Berk Bilgen Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

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.
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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 337 of 602
Sector: Insurance 323 of 547
Type: Add-on Acquisition 299 of 550
State: Alberta 15 of 27
Country: Canada 79 of 122
Year: 2019 26 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 The Crichton Group

Nashville, Tennessee, United States

Crichton, Brandon, Jackson & Ward, Inc. is an independent, full-service commercial, employee benefits, and personal lines agency. Crichton, Brandon, Jackson & Ward, Inc. was founded in 1979 and is based in Nashville, Tennessee.

Buy -