M&A Deal Summary

HUB International Acquires Patterson Insurance Brokers

On September 7, 2016, HUB International acquired insurance company Patterson Insurance Brokers

Acquisition Highlights
  • This is HUB International’s 202nd transaction in the Insurance sector.
  • This is HUB International’s 166th transaction in the United States.
  • This is HUB International’s 5th transaction in Arkansas.

M&A Deal Summary

Date 2016-09-07
Target Patterson Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Patterson Insurance Brokers

Anchorage, Arkansas, United States
Patterson Insurance Brokers, Inc. is specializes in providing commercial lines and employee benefit insurance 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 formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 206 of 576
Sector (Insurance) 202 of 524
Type (Add-on Acquisition) 178 of 524
State (Arkansas) 5 of 7
Country (United States) 166 of 451
Year (2016) 19 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 New Dimensions Underwriters

Edmonton, Alberta, Canada

New Dimensions Underwriters Ltd. is a managing general agency provides financial consultants with the tools and products to develop their business to the fullest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 Sarjeant Insurance Brokers

Barrie, Ontario, Canada

Sarjeant Insurance Brokers Ltd. is a provider of property and casualty insurance solutions.

Buy -