M&A Deal Summary

HUB International Acquires Insurance Management Associates

On November 2, 2018, HUB International acquired insurance company Insurance Management Associates

Acquisition Highlights
  • This is HUB International’s 294th transaction in the Insurance sector.
  • This is HUB International’s 235th transaction in the United States.
  • This is HUB International’s 6th transaction in Maryland.

M&A Deal Summary

Date 2018-11-02
Target Insurance Management Associates
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Insurance Management Associates

Annapolis, Maryland, United States
Insurance Management Associates, Inc. is a full-service commercial and personal insurance agency. Insurance Management Associates, Inc. is based in Annapolis, Maryland.

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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 302 of 579
Sector (Insurance) 294 of 527
Type (Add-on Acquisition) 267 of 527
State (Maryland) 6 of 15
Country (United States) 235 of 454
Year (2018) 38 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Jones Retirement - Retirement Plan Consulting & Financial Services Business

Tulsa, Oklahoma, United States

Jones Retirement - Retirement Plan Consulting & Financial Services Business is a provider of retirement plan consulting and financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Proteus Performance Management

Toronto, Ontario, Canada

Proteus Performance Management, Inc. is a provider of pension plan governance and investment consulting solutions to corporate plan sponsors, not-for-profit organizations, trustees plans, public plans, foundations, and endowments. Proteus Performance Management, Inc. was founded in 1994 and is based in Toronto, Ontario.

Buy -