M&A Deal Summary

HUB International Acquires Chun-Ha Insurance

On April 4, 2022, HUB International acquired insurance company Chun-Ha Insurance from Chunha Holding

Acquisition Highlights
  • This is HUB International’s 442nd transaction in the Insurance sector.
  • This is HUB International’s 365th transaction in the United States.
  • This is HUB International’s 67th transaction in California.

M&A Deal Summary

Date 2022-04-04
Target Chun-Ha Insurance
Sector Insurance
Buyer(s) HUB International
Sellers(s) Chunha Holding
Deal Type Divestiture

Target

Chun-Ha Insurance

Garden Grove, California, United States
Chun-Ha Insurance provides comprehensive insurance solutions, including commercial and personal insurance, and employee benefits services. Chun-Ha Insurance was founded in 1980 and is based in Garden Grove, California.

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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 founded in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 478 of 602
Sector: Insurance M&A 442 of 547
Type: Divestiture M&A Deals 46 of 52
State: California M&A 67 of 82
Country: United States M&A 365 of 476
Year: 2022 M&A 11 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-11 Midland Agency Insurance

Columbia, South Carolina, United States

Midland Agency Insurance provides commercial and personal insurance and specializes in the agribusiness industry. Midland Agency Insurance was founded in 1985 and is based in Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 JAG Insurance Group

Coral Gables, Florida, United States

JAG Insurance Group provides clients in various industries, including hospitality, non-profit, and real estate industries, with insurance, consulting services, research, and risk management. JAG Insurance Group is headquartered in Coral Gables, Florida.

Buy -

Seller(S) 1

SELLER

Chunha Holding

Aliso Viejo, California, United States

Category Company
Sector Insurance
DESCRIPTION

Chunha Holding Corp. is a insurance services company.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Chun-Ha Insurance

Garden Grove, California, United States

Chun-Ha Insurance provides comprehensive insurance solutions, including commercial and personal insurance, and employee benefits services. Chun-Ha Insurance was founded in 1980 and is based in Garden Grove, California.

Buy -