M&A Deal Summary

HUB International Acquires Hobson Insurance

On April 5, 2023, HUB International acquired insurance company Hobson Insurance

Acquisition Highlights
  • This is HUB International’s 472nd transaction in the Insurance sector.
  • This is HUB International’s 400th transaction in the United States.
  • This is HUB International’s 11th transaction in Montana.

M&A Deal Summary

Date 2023-04-05
Target Hobson Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Hobson Insurance

Hobson, Montana, United States
Hobson Insurance is a full-service independent agency providing commercial and personal insurance, based in Hobson, Montana.

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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 514 of 576
Sector (Insurance) 472 of 524
Type (Add-on Acquisition) 465 of 524
State (Montana) 11 of 11
Country (United States) 400 of 451
Year (2023) 5 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Horizon Agency

Eden Prairie, Minnesota, United States

Horizon Agency is an independently owned agency that provides commercial and personal insurance, and employee benefits. They specialize in various industries, including real estate, entertainment and sports, and healthcare. Horizon Agency was founded in 1974 and is based in Eden Prairie, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-06 DeFranco Insurance

Seattle, Washington, United States

DeFranco Insurance is an insurance agency specializing in personal and commercial insurance services. DeFranco Insurance was founded in 1953 and is based in Seattle, Washington.

Buy -