Add-on Acquisition • Business Services

HUB International Acquires IBG

On April 15, 2021, HUB International acquired business services company IBG

Acquisition Context
  • This is HUB International’s 23rd transaction in the Business Services sector.
  • This is HUB International’s 320th transaction in the United States.
  • This is HUB International’s 18th transaction in Massachusetts.

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M&A Deal Summary

Date April 15, 2021
Target IBG
Sector Business Services
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

IBG

Foxborough, Massachusetts, United States
IBG provides fiduciary and retirement plan consulting services to plan sponsor clients. IBG also provides advisory support in the areas of investment, plan design and administration, while helping their clients support their employees towards a meaningful retirement. IBG was founded in 1996 and is based in Foxborough, Massachusetts.
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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 427 of 602
Sector: Business Services 23 of 43
Type: Add-on Acquisition 383 of 550
State: Massachusetts 18 of 28
Country: United States 320 of 476
Year: 2021 22 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Wessex Financial

Calgary, Alberta, Canada

Wessex Financial is an independent employee benefits, life and living benefits firm serving the family and business markets throughout Alberta. The Company specialize in association benefit planning, individual member services, critical awareness and financial literacy programs. Wessex Financial was founded in 2000 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Cooper & Allison

Burr Ridge, Illinois, United States

Cooper & Allison is an independent insurance agency providing commercial insurance and specializes in various industries, including construction, healthcare, hospitality, real estate, and transportation. Cooper & Allison was founded in 2014 and is based in Burr Ridge, Illinois.

Buy -