M&A Deal Summary

HUB International Acquires Pickett & Adams Insurance

On September 10, 2008, HUB International acquired insurance company Pickett & Adams Insurance

Acquisition Highlights
  • This is HUB International’s 47th transaction in the Insurance sector.
  • This is HUB International’s 40th transaction in the United States.
  • This is HUB International’s 2nd transaction in Alabama.

M&A Deal Summary

Date 2008-09-10
Target Pickett & Adams Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Pickett & Adams Insurance

Mobile,, Alabama, United States
Pickett & Adams Insurance, Inc. a Mobile insurance agency. Company provide insurance services and products for commercial and Individuals.

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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 47 of 576
Sector (Insurance) 47 of 524
Type (Add-on Acquisition) 41 of 524
State (Alabama) 2 of 3
Country (United States) 40 of 451
Year (2008) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-09 Fredricksen Insurance Services

Hemet, California, United States

Fredricksen, primarily a wholesale broker to handle equine and agri-related insurance risks throughout the U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-06 M&L Insurance Services

Thousand Oaks, California, United States

M&L Insurance Services Corp operates as an insurance agency specializing in Employee Benefits.

Buy -