M&A Deal Summary

HUB International Acquires Priority Insurance Associates

On November 3, 2022, HUB International acquired insurance company Priority Insurance Associates

Acquisition Highlights
  • This is HUB International’s 465th transaction in the Insurance sector.
  • This is HUB International’s 393rd transaction in the United States.
  • This is HUB International’s 7th transaction in Arizona.

M&A Deal Summary

Date 2022-11-03
Target Priority Insurance Associates
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Priority Insurance Associates

Scottsdale, Arizona, United States
Priority Insurance Associates is an independent insurance agency, that provides commercial and personal insurance solutions to individuals and businesses in the region. Priority Insurance Associates is based in Scottsdale, Arizona.

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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 507 of 578
Sector (Insurance) 465 of 526
Type (Add-on Acquisition) 458 of 526
State (Arizona) 7 of 7
Country (United States) 393 of 453
Year (2022) 40 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Quintes Insurance Brokerage and Investment Advisory Businesses

Watsonville, California, United States

Quintes' Insurance Brokerage and Investment Advisory Businesses provides innovative and cost-effective insurance brokerage and investment advisory services to clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Invensure Insurance

Irvine, California, United States

Invensure Insurance provides an insurance and risk management firm offering commercial and personal insurance services, and employee benefits & HR consulting. Invensure Insurance was founded in 1959 and is based in Irvine, California.

Buy -