M&A Deal Summary

HUB International Acquires Otter Insurance Agency

On December 11, 2024, HUB International acquired insurance company Otter Insurance Agency

Acquisition Highlights
  • This is HUB International’s 527th transaction in the Insurance sector.
  • This is HUB International’s 454th transaction in the United States.
  • This is HUB International’s 25th transaction in Washington.

M&A Deal Summary

Date 2024-12-11
Target Otter Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Otter Insurance Agency

Lynnwood, Washington, United States
Otter Insurance Agency is an independently owned and locally operated agency that provides commercial, auto, and home insurance. Otter Insurance Agency is headquartered in Lynnwood, Washington.

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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 579 of 580
Sector (Insurance) 527 of 528
Type (Add-on Acquisition) 527 of 528
State (Washington) 25 of 25
Country (United States) 454 of 455
Year (2024) 41 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Fairfield County Bank Insurance Services

Ridgefield, Connecticut, United States

Fairfield County Bank Insurance Services is an independent insurance agency providing commercial and personal insurance and employee benefits services. Fairfield County Bank Insurance Services is headquartered in Ridgefield, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 Jackson Hole Insurance

Jackson, Wyoming, United States

Jackson Hole Insurance is an independent insurance agency providing specialized personal insurance solutions for high-net-worth individuals that help enhance coverage and minimize threats to personal wealth. Jackson Hole Insurance is based in Jackson, Wyoming.

Buy -