M&A Deal Summary

HUB International Acquires Chelsea Insurance Agency

On December 8, 2020, HUB International acquired insurance company Chelsea Insurance Agency

Acquisition Highlights
  • This is HUB International’s 380th transaction in the Insurance sector.
  • This is HUB International’s 301st transaction in the United States.
  • This is HUB International’s 2nd transaction in Connecticut.

M&A Deal Summary

Date 2020-12-08
Target Chelsea Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Chelsea Insurance Agency

Norwich, Connecticut, United States
Chelsea Insurance Agency LLC is an independent insurance agency that provides personal and business insurance solutions to clients in Connecticut and Rhode Island. Chelsea Insurance Agency is based in Norwich, Connecticut.

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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 405 of 580
Sector (Insurance) 380 of 528
Type (Add-on Acquisition) 362 of 528
State (Connecticut) 2 of 4
Country (United States) 301 of 455
Year (2020) 43 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Prince Albert Insurance

Prince Albert, Saskatchewan, Canada

Prince Albert Insurance Ltd. is a full-service, independent insurance brokerage that provides personal, commercial, farm, and specialty products insurance. Prince Albert Insurance was formed in 1908 and is based in Prince Albert, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Garnett Retirement Group

St. Petersburg, Florida, United States

Garnett Retirement Group, Inc. provides business owners, retirement plan trustees, retirement plan participants and high net worth individuals with customized qualified and non-qualified retirement savings solutions and investment advisory and consulting services, with a focus on niche medical practices, in North Carolina and the Southeast United States.

Buy -