M&A Deal Summary

HUB International Acquires Free Market Insurance Agencies

On July 2, 2014, HUB International acquired insurance company Free Market Insurance Agencies

Acquisition Highlights
  • This is HUB International’s 140th transaction in the Insurance sector.
  • This is HUB International’s 110th transaction in the United States.
  • This is HUB International’s 5th transaction in New Mexico.

M&A Deal Summary

Date 2014-07-02
Target Free Market Insurance Agencies
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Free Market Insurance Agencies

Albuquerque, New Mexico, United States
Free Market Insurance Agencies LLC is an insurance brokerage firm. Free Market has established a concentration of clients in the restaurant/hospitality, construction, healthcare and financial services industries, providing commercial liability, property and casualty and personal lines home and auto insurance.

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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 142 of 576
Sector (Insurance) 140 of 524
Type (Add-on Acquisition) 123 of 524
State (New Mexico) 5 of 11
Country (United States) 110 of 451
Year (2014) 13 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Fox/Everett

Ridgeland, Mississippi, United States

Fox/Everett, Inc. is a provider in commercial and personal property & casualty insurance brokerage with industry specialists in healthcare, construction, financial services and transportation. Fox/Everett is also recognized as a specialist and provider in employee benefits, third party administration and retirement plan consulting & administration.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Gibson s Insurance Agency

Treherne, Manitoba, Canada

Gibson’s is a general brokerage servicing government automotive insurance needs as well as maintaining a large agriculture/farming customer base.

Buy -