Add-on Acquisition • Insurance

HUB International Acquires Hatchett Insurance Agency

On May 14, 2020, HUB International acquired insurance company Hatchett Insurance Agency

Acquisition Context
  • This is HUB International’s 356th transaction in the Insurance sector.
  • This is HUB International’s 284th transaction in the United States.
  • This is HUB International’s 5th transaction in Tennessee.

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M&A Deal Summary

Date May 14, 2020
Target Hatchett Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Hatchett Insurance Agency

Winchester, Tennessee, United States
Hatchett Insurance Agency LLC is an independent insurance agency providing personal and commercial insurance, and employee benefits, including home and auto insurance, business insurance, life insurance, group health, and more to households and businesses of Middle Tennessee. Hatchett Insurance Agency is based in Winchester, Tennessee.
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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 379 of 602
Sector: Insurance 356 of 547
Type: Add-on Acquisition 338 of 550
State: Tennessee 5 of 7
Country: United States 284 of 476
Year: 2020 17 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Vestas Damage Insurance Firm

Montreal, Quebec, Canada

Vestas Damage Insurance Firm, Inc. is an independent firm providing commercial and personal insurance with a focus on various industries, in particular, construction and design professionals. Vestas Damage Insurance Firm was established in 2008 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-15 Lashua-LaChance & Poliks Insurance Agency

Gardner, Massachusetts, United States

Lashua-LaChance & Poliks Insurance Agency, Inc. is a locally owned, independent insurance agency that provides personal and business insurance solutions in New England. Lashua-LaChance & Poliks Insurance Agency was formed in 1938 and is based in Gardner, Massachusetts.

Buy -