M&A Deal Summary

HUB International Acquires Fifth Third Insurance Services

On December 30, 2002, HUB International acquired insurance company Fifth Third Insurance Services from Fifth Third Bank

Acquisition Highlights
  • This is HUB International’s 12th transaction in the Insurance sector.
  • This is HUB International’s 9th transaction in the United States.

M&A Deal Summary

Date 2002-12-30
Target Fifth Third Insurance Services
Sector Insurance
Buyer(s) HUB International
Sellers(s) Fifth Third Bank
Deal Type Divestiture

Target

Fifth Third Insurance Services

United States
Fifth Third Insurance Services, is a provider of various insurance and products for commercial and individuals.

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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 12 of 602
Sector: Insurance M&A 12 of 547
Type: Divestiture M&A Deals 1 of 52
Country: United States M&A 9 of 476
Year: 2002 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-09 Brentwood Benefits & Consultants

Los Angeles,, California, United States

Brentwood Benefits & Consultants, Inc. is a provider of insurance solutions for divers on vacation trips.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-10 Sun Life Financial Advisory Services

Toronto,, Ontario, Canada

Sun Life Financial Advisory Services a Canadian mutual fund dealer provide financial advisory services to individuals and businesses.

Buy $2M

Seller(S) 1

SELLER

Fifth Third Bank

Cincinnati, Ohio, United States

Category Company
Founded 1858
Sector Financial Services
Employees18,616
Revenue 8.3B USD (2024)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 1 of 3
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United States M&A 1 of 3
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-29 USB

Milwaukee, Wisconsin, United States

USB, Inc., a financial services company.

Buy $217M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-11 Franklin Financial

Franklin, Tennessee, United States

Franklin Financial Corp., a financial service company.

Buy $298M