M&A Deal Summary

HUB International Acquires Desilets Insurance Brokers

On March 7, 2018, HUB International acquired insurance company Desilets Insurance Brokers

Acquisition Highlights
  • This is HUB International’s 268th transaction in the Insurance sector.
  • This is HUB International’s 50th transaction in Canada.
  • This is HUB International’s 10th transaction in Manitoba.

M&A Deal Summary

Date 2018-03-07
Target Desilets Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Desilets Insurance Brokers

Elie, Manitoba, Canada
Desilets Insurance Brokers Ltd. is a provider of personal and commercial insurance lines and specializes in providing insurance solutions for the farming industry. Desilets Insurance Brokers Ltd. is based in Elie, Manitoba.

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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 273 of 581
Sector (Insurance) 268 of 529
Type (Add-on Acquisition) 241 of 529
State (Manitoba) 10 of 11
Country (Canada) 50 of 121
Year (2018) 9 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 TYG Insurance

Linthicum Heights, Maryland, United States

Rubino Enterprises, Inc. is a provider of commercial and personal insurance solutions. Rubino Enterprises is based in Linthicum Heights, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Leitao Insurance Agency

Ludlow, Massachusetts, United States

Leitao Insurance Agency, Inc. is a multi-line insurance brokerage firm providing Personal and Commercial lines products. Leitao Insurance Agency is based in Ludlow, Massachusetts.

Buy -