M&A Deal Summary |
|
|---|---|
| Date | 2016-06-03 |
| Target | FirstBank Insurance Agency |
| Sector | Insurance |
| Buyer(s) | HUB International |
| Sellers(s) | First Bank |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Insurance |
| Employees | 10,000 |
| Revenue | 2.2B USD (2018) |
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 | 200 of 579 |
| Sector (Insurance) | 196 of 527 |
| Type (Divestiture) | 27 of 52 |
| Country (Puerto Rico) | 2 of 3 |
| Year (2016) | 13 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-02 |
1st Alaska Insurance
Soldotna, Arkansas, United States 1st Alaska Insurance LLC is specializes in providing personal lines insurance solutions. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-05 |
Tenth Dot Benefit Solutions
Pittsburgh, Pennsylvania, United States Tenth Dot Benefit Solutions LLC (dba Gateway Benefits) is specializes in providing employee benefits consulting and brokerage services. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1948 |
| Sector | Financial Services |
| Employees | 3,168 |
| Revenue | 897M USD (2023) |
First Bank is a financial holding company offering commercial banking, residential mortgage loan, finance lease, personal loan, small loan, auto loan, insurance, and broker dealer products and services to retail, commercial, and institutional customers primarily in Puerto Rico, and to a lesser extent in the U.S. and British Virgin Islands and Florida. First Bank was incorporated in 1948 and is based in San Juan, Puerto Rico.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Puerto Rico) | 1 of 1 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-27 |
Banco Popular de Puerto Rico 10 Branches
United States Banco Popular de Puerto Rico 10 Branches offers retail and commercial banking services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-01 |
ASB Bancorp
Asheville, North Carolina, United States ASB Bancorp is the holding company for Asheville Savings Bank (the "Bank"). The Bank is a North Carolina chartered stock savings bank offering traditional financial services through 13 full-service banking centers located in Buncombe, Madison, McDowell, Henderson and Transylvania counties in Western North Carolina. Originally chartered in 1936 and headquartered in Asheville, North Carolina, the Bank is locally managed with a focus on fostering strong relationships with its customers, its employees and the communities it serves. |
Buy | $175M |
