M&A Deal Summary

HUB International Acquires Professional Financial Specialists

On December 5, 2023, HUB International acquired insurance company Professional Financial Specialists

Acquisition Highlights
  • This is HUB International’s 488th transaction in the Insurance sector.
  • This is HUB International’s 416th transaction in the United States.
  • This is HUB International’s 8th transaction in Colorado.

M&A Deal Summary

Date 2023-12-05
Target Professional Financial Specialists
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Professional Financial Specialists

Boulder, Colorado, United States
Professional Financial Specialists is a full-service agency providing comprehensive commercial insurance services for businesses and medical professionals and individuals, and employee benefits and retirement solutions for their clients. PFSI is based in Boulder, Colorado.

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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 533 of 580
Sector (Insurance) 488 of 528
Type (Add-on Acquisition) 484 of 528
State (Colorado) 8 of 9
Country (United States) 416 of 455
Year (2023) 24 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 RBA

Pearl River, New York, United States

RBA is a retirement plan consulting and institutional investment advisory firm that provides the specialized experience and expertise needed to assist retirement plan sponsors in meeting and managing their fiduciary responsibilities under ERISA and mitigating fiduciary liability risk. RBA was formed in 2008 and is based in Pearl River, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 Longbow Financial

Spokane, Washington, United States

Longbow Financial is a financial consulting firm specializing in corporate retirement planning and individual client wealth. Longbow Financial is based in Spokane, Washington.

Buy -