M&A Deal Summary

HUB International Acquires The Essex Agency

On June 4, 2024, HUB International acquired insurance company The Essex Agency

Acquisition Highlights
  • This is HUB International’s 504th transaction in the Insurance sector.
  • This is HUB International’s 431st transaction in the United States.
  • This is HUB International’s 3rd transaction in Vermont.

M&A Deal Summary

Date 2024-06-04
Target The Essex Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition
Advisor(s) Dowling & Hales (Financial)

Target

The Essex Agency

Essex Junction, Vermont, United States
The Essex Agency is an independent insurance agency specializing in personal and commercial insurance, including in the construction and real estate industries. The Essex Agency was formed in 1972 and is headquartered in Essex Junction, Vermont.

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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 553 of 576
Sector (Insurance) 504 of 524
Type (Add-on Acquisition) 503 of 524
State (Vermont) 3 of 3
Country (United States) 431 of 451
Year (2024) 15 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 True North Group

Howell, Michigan, United States

True North Group is an independent insurance agency that focuses on commercial insurance and employee benefits. True North Group is based in Howell, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Combined

Diamond Bar, California, United States

Combined is a full-service human capital management broker helping clients and ultimately their employees by easily managing all HR, recruiting, payroll, benefits and commercial insurance needs. Combined was formed in 1997 and is headquartered in Diamond Bar, California.

Buy -