M&A Deal Summary

HUB International Acquires Gibson s Insurance Agency

On July 7, 2014, HUB International acquired insurance company Gibson s Insurance Agency

Acquisition Highlights
  • This is HUB International’s 141st transaction in the Insurance sector.
  • This is HUB International’s 31st transaction in Canada.
  • This is HUB International’s 9th transaction in Manitoba.

M&A Deal Summary

Date 2014-07-07
Target Gibson s Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

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.

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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 143 of 581
Sector (Insurance) 141 of 529
Type (Add-on Acquisition) 124 of 529
State (Manitoba) 9 of 11
Country (Canada) 31 of 121
Year (2014) 14 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Ballard Insurance Agency

Melbourne, Florida, United States

Ballard Insurance Agency, Inc. is a full-service, independent insurance agency, serving Brevard and surrounding counties in Florida.

Buy -