M&A Deal Summary

HUB International Acquires McClements Insurance Services

On July 19, 2024, HUB International acquired insurance company McClements Insurance Services

Acquisition Highlights
  • This is HUB International’s 513th transaction in the Insurance sector.
  • This is HUB International’s 440th transaction in the United States.
  • This is HUB International’s 77th transaction in California.

M&A Deal Summary

Date 2024-07-19
Target McClements Insurance Services
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition
Advisor(s) MarshBerry Capital, Inc. (Financial)

Target

McClements Insurance Services

Ventura, California, United States
McClements Insurance Services is a commercial insurance agency helping large employers creative solutions for their employee benefits and HR compliance challenges. McClements Insurance Services is based in Ventura, California.

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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 563 of 579
Sector (Insurance) 513 of 527
Type (Add-on Acquisition) 513 of 527
State (California) 77 of 79
Country (United States) 440 of 454
Year (2024) 25 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 2837932 Ontario

London, Ontario, Canada

2837932 Ontario provides a full range of insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Wade Associates

Davidson, North Carolina, United States

Wade Associates is an independent insurance agency offering a comprehensive suite of insurance and risk management solutions. Wade Associates was formed in 1992 and is based in Davidson, North Carolina.

Buy -