M&A Deal Summary

HUB International Acquires Olson Insurance Agency

On November 3, 2020, HUB International acquired insurance company Olson Insurance Agency

Acquisition Highlights
  • This is HUB International’s 372nd transaction in the Insurance sector.
  • This is HUB International’s 295th transaction in the United States.
  • This is HUB International’s 4th transaction in Virginia.

M&A Deal Summary

Date 2020-11-03
Target Olson Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Olson Insurance Agency

Springfield, Virginia, United States
Olson Insurance Agency LLC is an insurance agency provider that is specialized in Home Insurance, Life Insurance, Contractors, Auto Insurance, Restaurant Insurance, and Commercial Insurance. Olson Insurance Agency is based in Springfield, Virginia.

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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 396 of 580
Sector (Insurance) 372 of 528
Type (Add-on Acquisition) 353 of 528
State (Virginia) 4 of 8
Country (United States) 295 of 455
Year (2020) 34 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Insure All

Stanley, Virginia, United States

Insure All LLC Offers auto, home, business and many more insurance products in Virginia, Maryland, and West Virginia. Insure All provides personal and commercial insurance services, including home, auto, life, and business. Insure All is based in Stanley, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-04 Stalco Insurance

Wainwright, Alberta, Canada

Stalco Insurance Ltd. is a family-owned insurance firm providing commercial and personal insurance. Stalco Insurance is based in Wainwright, Alberta.

Buy -