M&A Deal Summary

HUB International Acquires Jones Retirement - Retirement Plan Consulting & Financial Services Business

On October 16, 2018, HUB International acquired business services company Jones Retirement - Retirement Plan Consulting & Financial Services Business from Jones Retirement

Acquisition Highlights
  • This is HUB International’s 5th transaction in the Business Services sector.
  • This is HUB International’s 234th transaction in the United States.
  • This is HUB International’s 4th transaction in Oklahoma.

M&A Deal Summary

Date 2018-10-16
Target Jones Retirement - Retirement Plan Consulting & Financial Services Business
Sector Business Services
Buyer(s) HUB International
Sellers(s) Jones Retirement
Deal Type Divestiture

Target

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.

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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 301 of 579
Sector (Business Services) 5 of 41
Type (Divestiture) 35 of 52
State (Oklahoma) 4 of 4
Country (United States) 234 of 454
Year (2018) 37 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Liberty New Gate Insurance Services

Watsonville, California, United States

Liberty New Gate specializes in the agriculture and horticulture sector, as well as provides expertise in creating behavior-based occupational health and safety plans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 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.

Buy -

Seller(S) 1

SELLER

Jones Retirement

Tulsa, Oklahoma, United States

Category Company
Sector Business Services
DESCRIPTION

Jones Retirement is a provider of long-term investment solutions focused on qualified plan. Jones Retirement is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1