M&A Deal Summary

HUB International Acquires KT&D

On August 5, 2022, HUB International acquired insurance company KT&D

Acquisition Highlights
  • This is HUB International’s 457th transaction in the Insurance sector.
  • This is HUB International’s 384th transaction in the United States.
  • This is HUB International’s 1st transaction in Delaware.

M&A Deal Summary

Date 2022-08-05
Target KT&D
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

KT&D

Wilmington, Delaware, United States
KT&D provides multi-line insurance solutions, including medical malpractice, commercial and personal, and employee benefits solutions. KT&D is based in Wilmington, Delaware.

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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 497 of 579
Sector (Insurance) 457 of 527
Type (Add-on Acquisition) 449 of 527
State (Delaware) 1 of 1
Country (United States) 384 of 454
Year (2022) 30 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 Bubrig Insurance Agency

Belle Chasse, Louisiana, United States

Bubrig Insurance Agency is an independent agency providing personal insurance solutions, including home, auto, flood, life, and recreation, based in Belle Chasse, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 IGS

Chicago, Illinois, United States

IGS is a trade credit insurance brokerage helping clients grow sales safely and aggressively while protecting against any bad debt loss coming from bankruptcy or non-payment. IGS was founded in 2014 and is based in Chicago, Illinois.

Buy -