M&A Deal Summary

HUB International Acquires Elevate Insurance Brokers

On September 2, 2020, HUB International acquired insurance company Elevate Insurance Brokers

Acquisition Highlights
  • This is HUB International’s 361st transaction in the Insurance sector.
  • This is HUB International’s 96th transaction in Canada.
  • This is HUB International’s 19th transaction in Alberta.

M&A Deal Summary

Date 2020-09-02
Target Elevate Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Elevate Insurance Brokers

Grande Prairie, Alberta, Canada
Elevate Insurance Brokers, Inc. is an independent insurance agency that provides property & casualty products, including home, auto, recreational vehicle, and business insurance. Elevate Insurance Brokers is based in Grande Prairie, Alberta.

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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 385 of 578
Sector (Insurance) 361 of 526
Type (Add-on Acquisition) 343 of 526
State (Alberta) 19 of 26
Country (Canada) 96 of 121
Year (2020) 23 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 ivari - MGA Assets

Toronto, Ontario, Canada

ivari - MGA Assets (managing general agent business) provides a full range of insurance products designed to help Canadians make the right choice for their protection needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 Rockville Insurance Agency

Gaithersburg, Maryland, United States

Rockville Insurance Agency, Inc. is a provider of personal and commercial insurance solutions, including home, auto, life and business. Rockville Insurance Agency is based in Gaithersburg, Maryland.

Buy -