M&A Deal Summary

HUB International Acquires DeFranco Insurance

On April 6, 2023, HUB International acquired insurance company DeFranco Insurance

Acquisition Highlights
  • This is HUB International’s 473rd transaction in the Insurance sector.
  • This is HUB International’s 401st transaction in the United States.
  • This is HUB International’s 21st transaction in Washington.

M&A Deal Summary

Date 2023-04-06
Target DeFranco Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

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.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 515 of 580
Sector (Insurance) 473 of 528
Type (Add-on Acquisition) 466 of 528
State (Washington) 21 of 25
Country (United States) 401 of 455
Year (2023) 6 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 Hobson Insurance

Hobson, Montana, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-13 Weiss Schantz Agency

Hellertown, Pennsylvania, United States

Weiss Schantz Agency is an independent insurance agency that provides customized solutions for commercial insurance and municipal insurance clients. Weiss Schantz Agency was founded in 1932 and is based in Hellertown Pennsylvania.

Buy -