M&A Deal Summary

HUB International Acquires Blackstone Insurance Benefits & Bonding

On August 8, 2018, HUB International acquired insurance company Blackstone Insurance Benefits & Bonding

Acquisition Highlights
  • This is HUB International’s 287th transaction in the Insurance sector.
  • This is HUB International’s 61st transaction in Canada.
  • This is HUB International’s 7th transaction in Saskatchewan.

M&A Deal Summary

Date 2018-08-08
Target Blackstone Insurance Benefits & Bonding
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Blackstone Insurance Benefits & Bonding

Saskatoon, Saskatchewan, Canada
Blackstone Insurance, Benefits & Bonding, Inc. is a commercial insurance and employee benefits brokerage firm. Blackstone Insurance, Benefits & Bonding, Inc. was founded in 2014 and is based in Saskatoon, Saskatchewan.

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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 293 of 576
Sector (Insurance) 287 of 524
Type (Add-on Acquisition) 260 of 524
State (Saskatchewan) 7 of 16
Country (Canada) 61 of 121
Year (2018) 29 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Benefit Broker Services

Wallaceburg, Ontario, Canada

Benefit Broker Services, Inc. is a provider of solutions around employee benefits and pension plans. Benefit Broker Services, Inc. is based in Wallaceburg, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Kilbride & Harris Insurance Services

Portland, Maine, United States

Kilbride & Harris Insurance Services LLC is a provider of multi-line insurance solutions, including Medical Malpractice, Commercial Lines and Employee Benefits products for their clients. Kilbride & Harris Insurance Services LLC was founded in 2000 and is based in Portland, Maine.

Buy -