M&A Deal Summary

HUB International Acquires Obenchain Insurance

On November 1, 2010, HUB International acquired insurance company Obenchain Insurance

Acquisition Highlights
  • This is HUB International’s 66th transaction in the Insurance sector.
  • This is HUB International’s 57th transaction in the United States.
  • This is HUB International’s 1st transaction in Idaho.

M&A Deal Summary

Date 2010-11-01
Target Obenchain Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Obenchain Insurance

Twin Falls,, Idaho, United States
Obenchain is known as the longest-standing business in Twin Falls and the largest area insurance agency. Obenchain places property & casualty, personal insurance, and life/health programs for its customers, with a niche in working with farms.

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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 66 of 581
Sector (Insurance) 66 of 529
Type (Add-on Acquisition) 56 of 529
State (Idaho) 1 of 3
Country (United States) 57 of 456
Year (2010) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 Sinclair-Cockburn Property & Casualty Personal and Life Insurance Operations

Canada

Sinclair-Cockburn Property & Casualty, Personal and Life Insurance Operations is a diversified insurance and financial services company with over 15,000 customers operating throughout Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-22 Byars Thompson Buchanan Insurance & Financial Services

Santa Maria,, California, United States

Byars Thompson Buchanan Insurance & Financial Services, LLC is an California-based insurance brokerage firm. Company works primarily with middle market businesses across the central coast on their property and casualty and life/health insurance programs, with a niche in agriculture property and liability.

Buy -