Add-on Acquisition • Insurance

HUB International Acquires Huestis Commercial Insurance

On November 5, 2012, HUB International acquired insurance company Huestis Commercial Insurance

Acquisition Context
  • This is HUB International’s 109th transaction in the Insurance sector.
  • This is HUB International’s 19th transaction in Canada.
  • This is HUB International’s 1st transaction in New Brunswick.

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M&A Deal Summary

Date November 5, 2012
Target Huestis Commercial Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Huestis Commercial Insurance

Saint John, New Brunswick, Canada
Huestis Commercial Insurance, is an insurance brokerage firm, which operates from three locations throughout New Brunswick and Nova Scotia.
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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 110 of 602
Sector: Insurance 109 of 547
Type: Add-on Acquisition 93 of 550
State: New Brunswick 1 of 1
Country: Canada 19 of 122
Year: 2012 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 Fort Point Insurance Services

San Francisco, California, United States

Fort Point Insurance Services, specializes in arranging personal lines coverage, with a concentration in high net worth individuals and family offices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-06 Raintree Insurance Agency Inc

San Bernardino, California, United States

Raintree Insurance Agency, Inc., a San Bernardino, California-based insurance brokerage firm.

Buy -