M&A Deal Summary

HUB International Acquires Prince Albert Insurance

On December 7, 2020, HUB International acquired insurance company Prince Albert Insurance

Acquisition Highlights
  • This is HUB International’s 379th transaction in the Insurance sector.
  • This is HUB International’s 101st transaction in Canada.
  • This is HUB International’s 14th transaction in Saskatchewan.

M&A Deal Summary

Date 2020-12-07
Target Prince Albert Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Prince Albert Insurance

Prince Albert, Saskatchewan, Canada
Prince Albert Insurance Ltd. is a full-service, independent insurance brokerage that provides personal, commercial, farm, and specialty products insurance. Prince Albert Insurance was formed in 1908 and is based in Prince Albert, Saskatchewan.

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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 404 of 576
Sector (Insurance) 379 of 524
Type (Add-on Acquisition) 361 of 524
State (Saskatchewan) 14 of 16
Country (Canada) 101 of 121
Year (2020) 42 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Seymour Alper

Mount Royal, Quebec, Canada

Seymour Alper is an insurance and risk management firm providing innovative solutions and expertise in various industries, specializing in apparel/textiles, retail, real estate, and manufacturing. Seymour Alper is based in Mount Royal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Chelsea Insurance Agency

Norwich, Connecticut, United States

Chelsea Insurance Agency LLC is an independent insurance agency that provides personal and business insurance solutions to clients in Connecticut and Rhode Island. Chelsea Insurance Agency is based in Norwich, Connecticut.

Buy -