M&A Deal Summary

HUB International Acquires Glacier Insurance of Libby

On March 6, 2023, HUB International acquired insurance company Glacier Insurance of Libby

Acquisition Highlights
  • This is HUB International’s 470th transaction in the Insurance sector.
  • This is HUB International’s 398th transaction in the United States.
  • This is HUB International’s 10th transaction in Montana.

M&A Deal Summary

Date 2023-03-06
Target Glacier Insurance of Libby
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Glacier Insurance of Libby

Libby, Montana, United States
Glacier Insurance of Libby is a full-service independent agency providing commercial and personal insurance to clients in Montana, Idaho and Washington. Glacier Insurance of Libby is based in Libby, Montana.

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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 512 of 576
Sector (Insurance) 470 of 524
Type (Add-on Acquisition) 463 of 524
State (Montana) 10 of 11
Country (United States) 398 of 451
Year (2023) 3 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Creative Benefits & Insurance Solutions

Utica, Michigan, United States

CBIS provides corporate employee benefits, commercial and personal insurance, and risk management services to clients. CBIS was founded in 2001 and is based in Utica Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Horizon Agency

Eden Prairie, Minnesota, United States

Horizon Agency is an independently owned agency that provides commercial and personal insurance, and employee benefits. They specialize in various industries, including real estate, entertainment and sports, and healthcare. Horizon Agency was founded in 1974 and is based in Eden Prairie, Minnesota.

Buy -