Add-on Acquisition • Insurance

HUB International Acquires Mayport Insurance & Realty

On October 5, 2016, HUB International acquired insurance company Mayport Insurance & Realty

Acquisition Context
  • This is HUB International’s 207th transaction in the Insurance sector.
  • This is HUB International’s 170th transaction in the United States.
  • This is HUB International’s 2nd transaction in North Dakota.

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M&A Deal Summary

Date October 5, 2016
Target Mayport Insurance & Realty
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Mayport Insurance & Realty

Mayville, North Dakota, United States
Mayport Insurance & Realty, Inc. is specializes in providing property and casualty insurance solutions for the agriculture and crop industry. Mayport has an additional location in Mayville, North Dakota and agents located in Edmore, Hatton, Buxton and Mentor, North Dakota.
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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 211 of 602
Sector: Insurance 207 of 547
Type: Add-on Acquisition 183 of 550
State: North Dakota 2 of 3
Country: United States 170 of 476
Year: 2016 24 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Sweet & Baker Insurance Brokers

San Francisco, California, United States

Sweet & Baker Insurance Brokers, Inc. is a multi-line insurance solutions provider. The company client services include an impartial assessment of benefit plans, a resource for statutory issues, renewal assessments, and ongoing support for enrollment, billing, administration and claim issues.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Riviera Insurance Services

Santa Barbara, California, United States

Riviera Insurance Services LLC is a specializes in providing property and casualty insurance solutions and employee benefits.

Buy -