M&A Deal Summary

HUB International Acquires Galon Insurance Brokers

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2021-02-02
Target Galon Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

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(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 416 of 581
Sector (Insurance) 389 of 529
Type (Add-on Acquisition) 372 of 529
State (Saskatchewan) 15 of 16
Country (Canada) 102 of 121
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 -
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