M&A Deal Summary

HUB International Acquires Pallister Insurance Brokers

On November 4, 2013, HUB International acquired insurance company Pallister Insurance Brokers

Acquisition Highlights
  • This is HUB International’s 126th transaction in the Insurance sector.
  • This is HUB International’s 27th transaction in Canada.
  • This is HUB International’s 6th transaction in Manitoba.

M&A Deal Summary

Date 2013-11-04
Target Pallister Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Pallister Insurance Brokers

Portage la Prairie,, Manitoba, Canada
Pallister Insurance Brokers is a Portage la Prairie, Manitoba-based full-service insurance brokerage firm.

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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 128 of 581
Sector (Insurance) 126 of 529
Type (Add-on Acquisition) 110 of 529
State (Manitoba) 6 of 11
Country (Canada) 27 of 121
Year (2013) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 The Manuel Lujan Agencies

Albuquerque, New Mexico, United States

The Manuel Lujan Agencies serves the insurance needs of individuals and a wide array of businesses throughout New Mexico. Among the specialties of MLA are Native American business, construction and surety, healthcare, non-profits and public entities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 Bixler & Associates

San Juan, Puerto Rico

Bixler & Associates is a full-service insurance brokerage firm. Bixler works with businesses and individuals throughout Puerto Rico on arranging a broad array of insurance products and services.

Buy -