Add-on Acquisition • Insurance

HUB International Acquires Horizon Agency

On April 4, 2023, HUB International acquired insurance company Horizon Agency

Acquisition Context
  • This is HUB International’s 471st transaction in the Insurance sector.
  • This is HUB International’s 399th transaction in the United States.
  • This is HUB International’s 2nd transaction in Minnesota.

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M&A Deal Summary

Date April 4, 2023
Target Horizon Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

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.
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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 513 of 602
Sector: Insurance 471 of 547
Type: Add-on Acquisition 464 of 550
State: Minnesota 2 of 2
Country: United States 399 of 476
Year: 2023 4 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 Hobson Insurance

Hobson, Montana, United States

Hobson Insurance is a full-service independent agency providing commercial and personal insurance, based in Hobson, Montana.

Buy -