Add-on Acquisition • Insurance

HUB International Acquires Galon Insurance Brokers

On February 2, 2021, HUB International acquired insurance company Galon Insurance Brokers

Acquisition Context
  • This is HUB International’s 389th transaction in the Insurance sector.
  • This is HUB International’s 102nd transaction in Canada.
  • This is HUB International’s 15th transaction in Saskatchewan.

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M&A Deal Summary

Date February 2, 2021
Target Galon Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Galon Insurance Brokers

Regina, Saskatchewan, Canada
Galon Insurance Brokers is a three-generation full-service insurance brokerage that provides personal, commercial, and agribusiness insurance, as well as government auto and various other professional services. Galon Insurance Brokers was founded in 1963 and is based in Regina, Saskatchewan.
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Buyer Overview 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 Context for Buyer #
Overall 416 of 602
Sector: Insurance 389 of 547
Type: Add-on Acquisition 372 of 550
State: Saskatchewan 15 of 16
Country: Canada 102 of 122
Year: 2021 11 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Shields Insurance Agency

Birmingham, Alabama, United States

Shields Insurance Agency is independently owned and provides innovative solutions tailored to their clients’ specific insurance needs, including personal and business. Shields Insurance Agency is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Wellspring Insurance Agency

Argyle, Texas, United States

Wellspring Insurance Agency, Inc. is an independent employee benefits firm that provides tailored benefit solutions through thoughtful strategic planning and technology-based solutions. Wellspring Insurance Agency was founded in 1997 and is based in Argyle, Texas.

Buy -