M&A Deal Summary

HUB International Acquires Hometown Insurance Brokers

On September 11, 2018, HUB International acquired insurance company Hometown Insurance Brokers

Acquisition Highlights
  • This is HUB International’s 292nd transaction in the Insurance sector.
  • This is HUB International’s 64th transaction in Canada.
  • This is HUB International’s 8th transaction in Saskatchewan.

M&A Deal Summary

Date 2018-09-11
Target Hometown Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Hometown Insurance Brokers

Vonda, Saskatchewan, Canada
Frontier Business Centre Ltd. is a full service, independent insurance brokerage. Hometown offers personal and commercial insurance solutions, including crop hail insurance services. Frontier Business Centre Ltd. was founded in 1977 and is based in Vonda, Saskatchewan.

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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 299 of 576
Sector (Insurance) 292 of 524
Type (Add-on Acquisition) 265 of 524
State (Saskatchewan) 8 of 16
Country (Canada) 64 of 121
Year (2018) 35 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Clearwater Insurance Group

Toronto, Ontario, Canada

Clearwater Insurance Group, Inc. is a provider of an insurance solutions to clients through customized programs and proactive health services. Clearwater Insurance Group is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Liberty New Gate Insurance Services

Watsonville, California, United States

Liberty New Gate specializes in the agriculture and horticulture sector, as well as provides expertise in creating behavior-based occupational health and safety plans.

Buy -