M&A Deal Summary

HUB International Acquires Phil Bailey & Associates PA

On September 4, 2019, HUB International acquired insurance company Phil Bailey & Associates PA

Acquisition Highlights
  • This is HUB International’s 328th transaction in the Insurance sector.
  • This is HUB International’s 260th transaction in the United States.
  • This is HUB International’s 5th transaction in Mississippi.

M&A Deal Summary

Date 2019-09-04
Target Phil Bailey & Associates PA
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Phil Bailey & Associates PA

Oxford, Mississippi, United States
Phil Bailey & Associates PA is an employee benefit brokerage firm, providing clients with employee benefit products and consulting services. Phil Bailey & Associates was founded in 1970 and is based in Oxford, Mississippi.

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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 342 of 572
Sector (Insurance) 328 of 520
Type (Add-on Acquisition) 304 of 521
State (Mississippi) 5 of 7
Country (United States) 260 of 448
Year (2019) 31 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Truss

Kansas City, Missouri, United States

Truss LLC is a provider of risk management solutions to construction, transportation and healthcare industries. Truss was founded in 1974 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Group Medical Services

Regina, Saskatchewan, Canada

GMS Insurance, Inc. is an independent employee benefit consulting firm providing a complete solution for its clients’ retirement and benefit needs. GMS Insurance is based in Regina, Saskatchewan.

Buy -