M&A Deal Summary

HUB International Acquires Preferred Services Group

On March 21, 2024, HUB International acquired insurance company Preferred Services Group

Acquisition Highlights
  • This is HUB International’s 498th transaction in the Insurance sector.
  • This is HUB International’s 425th transaction in the United States.
  • This is HUB International’s 25th transaction in New York.

M&A Deal Summary

Date 2024-03-21
Target Preferred Services Group
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Preferred Services Group

Cedarhurst, New York, United States
Preferred Services Group is a full-service insurance brokerage firms that provide property and casualty insurance solutions and individual and group benefits solutions including medical and ancillary such as dental, life, vision, disability, and voluntary benefits. Preferred Services Group is based in Cedarhurst, New York.

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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 547 of 580
Sector (Insurance) 498 of 528
Type (Add-on Acquisition) 497 of 528
State (New York) 25 of 25
Country (United States) 425 of 455
Year (2024) 9 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 Bolds Risk & Insurance Services

Larkspur, California, United States

Bolds Risk & Insurance Services is an independent firm providing commercial and personal insurance, and risk management services to clients in the region. Bolds Risk & Insurance Services is based in Larkspur, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Sale Insurance

Lakeland, Florida, United States

Sale Insurance is an independent insurance agency that provides commercial insurance for businesses and high-net-worth personal insurance for private clients. Sale Insurance was founded in 1953 and is based in Lakeland, Florida.

Buy -