M&A Deal Summary

HUB International Acquires Carlsbad Insurance Agency

On May 2, 2014, HUB International acquired insurance company Carlsbad Insurance Agency

Acquisition Highlights
  • This is HUB International’s 138th transaction in the Insurance sector.
  • This is HUB International’s 108th transaction in the United States.
  • This is HUB International’s 4th transaction in New Mexico.

M&A Deal Summary

Date 2014-05-02
Target Carlsbad Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Carlsbad Insurance Agency

Carlsbad, New Mexico, United States
Carlsbad offers property and casualty, employee benefits, personal insurance and risk management to businesses and individuals located throughout New Mexico and beyond.

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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 140 of 576
Sector (Insurance) 138 of 524
Type (Add-on Acquisition) 121 of 524
State (New Mexico) 4 of 11
Country (United States) 108 of 451
Year (2014) 11 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-02 St. Andrews Book Of Commercial Line Business

Canada

St. Andrews Book Of Commercial Line Business, comprises book of commercial line business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Fox/Everett

Ridgeland, Mississippi, United States

Fox/Everett, Inc. is a provider in commercial and personal property & casualty insurance brokerage with industry specialists in healthcare, construction, financial services and transportation. Fox/Everett is also recognized as a specialist and provider in employee benefits, third party administration and retirement plan consulting & administration.

Buy -