Add-on Acquisition • Insurance

HUB International Acquires Lenhardt Insurance Agency

On January 7, 2008, HUB International acquired insurance company Lenhardt Insurance Agency

Acquisition Context
  • This is HUB International’s 39th transaction in the Insurance sector.
  • This is HUB International’s 32nd transaction in the United States.
  • This is HUB International’s 1st transaction in Montana.

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M&A Deal Summary

Date January 7, 2008
Target Lenhardt Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Lenhardt Insurance Agency

Montana, United States
Lenhardt Insurance Agency an insurance broker specializing in commercial trucking insurance services.
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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 39 of 602
Sector: Insurance 39 of 547
Type: Add-on Acquisition 34 of 550
State: Montana 1 of 11
Country: United States 32 of 476
Year: 2008 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-03 JRN Benefits

Santa Barbara, California, United States

RN Benefits, Inc. engages in designing and administering retirement plans and other employee benefit programs for employers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Scheer’s

Westmont, Illinois, United States

Scheer's serves a diverse client base that includes companies in the construction, manufacturing, homebuilding, environmental, energy, transportation and design sectors. Scheer's manufacturing and distribution division specializes in the placement and risk management needs of a variety of industries, including equipment leasing, food processing and metal and plastic manufacturing.

Buy -