M&A Deal Summary

HUB International Acquires Morneau Shepell - Benefits Consulting Practice

On March 2, 2020, HUB International acquired business services company Morneau Shepell - Benefits Consulting Practice from Morneau Shepell

Acquisition Highlights
  • This is HUB International’s 18th transaction in the Business Services sector.
  • This is HUB International’s 89th transaction in Canada.
  • This is HUB International’s 23rd transaction in Ontario.

M&A Deal Summary

Date 2020-03-02
Target Morneau Shepell - Benefits Consulting Practice
Sector Business Services
Buyer(s) HUB International
Sellers(s) Morneau Shepell
Deal Type Divestiture

Target

Morneau Shepell - Benefits Consulting Practice

Toronto, Ontario, Canada
Morneau Shepell's Benefits Consulting Practice provides tailored benefits solutions to clients – mainly large organizations, as well as small to medium – including actuarial services, integrated data analytics across lines of benefit, organizational health consulting and financial analysis solutions.

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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 founded in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 370 of 602
Sector: Business Services M&A 18 of 43
Type: Divestiture M&A Deals 40 of 52
State: Ontario M&A 23 of 33
Country: Canada M&A 89 of 122
Year: 2020 M&A 8 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Azur Consulting Services

Longueuil, Quebec, Canada

Azur Consulting Services, Inc. provides employee benefits consulting, including group and health benefits solutions. Azur Consulting Services is based in Longueuil, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Barker-Uerlings Insurance

Corvallis, Oregon, United States

Barker-Uerlings Insurance, Inc. is a full-service agency providing personal and business insurance, employee benefits solutions and risk management consulting to clients in the Pacific Northwest. Barker-Uerlings Insurance was established in 1911 and is based in Corvallis, Oregon.

Buy -

Seller(S) 1

SELLER

Morneau Shepell

Toronto, Ontario, Canada

Category Company
Sector Business Services
DESCRIPTION

Morneau Shepell Ltd. offers industry-leading benefits and pension consulting, outsourcing, as well as health and productivity solutions.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-06 Mercer - Health & Defined Benefit Pension Plan Administration Business

New York, New York, United States

Mercer LLC - Business includes stand-alone, large market, health, and defined benefit (DB) pension plan administration business. For employers, defined contribution retirement plans represent freedom from financial volatility, traditional pension risk, market volatility, and long-term financial uncertainty.

Buy $57M