M&A Deal Summary

HUB International Acquires JRP Employee Benefit Solutions

On December 11, 2023, HUB International acquired insurance company JRP Employee Benefit Solutions

Acquisition Highlights
  • This is HUB International’s 490th transaction in the Insurance sector.
  • This is HUB International’s 114th transaction in Canada.
  • This is HUB International’s 25th transaction in Alberta.

M&A Deal Summary

Date 2023-12-11
Target JRP Employee Benefit Solutions
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

JRP Employee Benefit Solutions

Calgary, Alberta, Canada
JRP is an independent benefits brokerage firm specializing in employee benefits, pension planning and human resources. JRP was founded in 2011 and is based in Calgary, Alberta.

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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 536 of 580
Sector (Insurance) 490 of 528
Type (Add-on Acquisition) 487 of 528
State (Alberta) 25 of 26
Country (Canada) 114 of 121
Year (2023) 27 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 Creative Business Solutions

Melville, New York, United States

Creative Business Solutions is an employee benefits firm specializing in group health benefits, Medicare plans, ancillary benefits, and property & casualty insurance. Creative Business Solutions is based in Melville, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 The Musgrave Group

Canmore, Alberta, Canada

The Musgrave Group is an employee benefits firm specializing in customized employee health benefits programs for small and mid-size companies. The Musgrave Group is based in Canmore, Alberta.

Buy -