M&A Deal Summary

HUB International Acquires Raffa Financial Services

On January 6, 2022, HUB International acquired insurance company Raffa Financial Services

Acquisition Highlights
  • This is HUB International’s 434th transaction in the Insurance sector.
  • This is HUB International’s 356th transaction in the United States.
  • This is HUB International’s 12th transaction in Maryland.

M&A Deal Summary

Date 2022-01-06
Target Raffa Financial Services
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Raffa Financial Services

Rockville, Maryland, United States
Raffa Financial Services is an insurance and employee benefit brokerage and consulting firm serving the greater Maryland, Virginia, and Washington, D.C. area. Raffa Financial Services is based in in Rockville, Maryland.

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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 468 of 579
Sector (Insurance) 434 of 527
Type (Add-on Acquisition) 423 of 527
State (Maryland) 12 of 15
Country (United States) 356 of 454
Year (2022) 1 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 The Spofford Group

Hingham, Massachusetts, United States

The Spofford Group is an independent brokerage firm that provides banks, private equity, and venture capital firms, investment advisors, hedge and mutual fund companies, publicly traded and privately held companies with management liability, professional liability exposures and related coverages. The Spofford Group is based in Hingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Pickett & Associates Insurance Agency

La Quinta, California, United States

Pickett & Associates Insurance Agency is specialized in providing employee benefits services and insurance solutions. Pickett & Associates Insurance Agency is based in La Quinta, California.

Sell -