Add-on Acquisition • Insurance

HUB International Acquires Montana Insurance Group

On July 2, 2009, HUB International acquired insurance company Montana Insurance Group

Acquisition Context
  • This is HUB International’s 53rd transaction in the Insurance sector.
  • This is HUB International’s 46th transaction in the United States.
  • This is HUB International’s 3rd transaction in Montana.

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M&A Deal Summary

Date July 2, 2009
Target Montana Insurance Group
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Montana Insurance Group

Montana, United States
Montana Insurance Group serves commercial businesses and consumers throughout Montana and northern Wyoming.
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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 53 of 602
Sector: Insurance 53 of 547
Type: Add-on Acquisition 46 of 550
State: Montana 3 of 11
Country: United States 46 of 476
Year: 2009 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-27 Rettenmier Benefits Group

Everett,, Washington, United States

Rettenmier Benefits Group, Inc. an Everett, Washington based employee benefits consulting and insurance brokerage firm serving businesses and individuals in the Pacific Northwest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-09 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.

Buy -