M&A Deal Summary

HUB International Acquires FBP

On September 5, 2024, HUB International acquired insurance company FBP

Acquisition Highlights
  • This is HUB International’s 517th transaction in the Insurance sector.
  • This is HUB International’s 445th transaction in the United States.
  • This is HUB International’s 16th transaction in Pennsylvania.

M&A Deal Summary

Date 2024-09-05
Target FBP
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

FBP

Valley Forge, Pennsylvania, United States
FBP assists brokers by providing leading-edge and value-added services, resources and carrier access so that their clients can optimize the positive impact of their employee benefit programs. FBP was formed in 1986 and is based in Valley Forge, Pennsylvania.

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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 568 of 579
Sector (Insurance) 517 of 527
Type (Add-on Acquisition) 518 of 527
State (Pennsylvania) 16 of 16
Country (United States) 445 of 454
Year (2024) 30 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Clark 401k Consulting

Los Gatos, California, United States

Clark 401k Consulting is an independent 401(k) consulting and fiduciary processes firm that provides 401(k) retirement plan consulting services in various areas, including independent 401(k) investment consulting, review and help establish fiduciary processes and best practices, retirement readiness, plan optimization strategies, benchmarking, and investment selection assistance and monitoring. Clark 401k Consulting was formed in 2006 and is based in Los Gatos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Felton et Associes

Brossard, Quebec, Canada

Felton et Associes is an insurance firm providing commercial and personal insurance. The company specializes in various industries, including construction, real estate, and architecture and engineering. Felton et Associes is based in Brossard, Quebec.

Buy -