M&A Deal Summary

HUB International Acquires Mones & Associates Insurance Brokers

On November 9, 2009, HUB International acquired insurance company Mones & Associates Insurance Brokers from Aviva Canada

Acquisition Highlights
  • This is HUB International’s 54th transaction in the Insurance sector.
  • This is HUB International’s 8th transaction in Canada.
  • This is HUB International’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2009-11-09
Target Mones & Associates Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Sellers(s) Aviva Canada
Deal Type Divestiture

Target

Mones & Associates Insurance Brokers

Edmonton, Alberta, Canada
Mones & Associates Insurance Brokers Inc. engaged in the personal and commercial insurance brokers in Western and Northern Canada.

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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 54 of 581
Sector (Insurance) 54 of 529
Type (Divestiture) 8 of 52
State (Alberta) 2 of 26
Country (Canada) 8 of 121
Year (2009) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-02 Montana Insurance Group

Montana, United States

Montana Insurance Group serves commercial businesses and consumers throughout Montana and northern Wyoming.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-08 Associated Insurance Managers

Glendive, Montana, United States

Associated Insurance Managers is an eastern Montana based insurance brokerage firm.

Buy -

Seller(S) 1

SELLER

Aviva Canada

Toronto, Ontario, Canada
Category Company
Founded 1999
Sector Insurance
DESCRIPTION

Aviva Canada is a provider of property and casualty insurance products and services in Canada.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Divestiture) 1 of 2
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 National Home Warranty Group

Edmonton, Alberta, Canada

National Home Warranty Group is a home warranty provider serving Western Canada. Partnering with more than 3,500 registered builders, they provide new home warranty coverage to 15,000 homes and homeowners every year. National Home Warranty Group is based in Edmonton, Alberta.

Sell -
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