M&A Deal Summary

HUB International Acquires Rural Alaska Insurance Agency

On October 2, 2017, HUB International acquired insurance company Rural Alaska Insurance Agency

Acquisition Highlights
  • This is HUB International’s 249th transaction in the Insurance sector.
  • This is HUB International’s 204th transaction in the United States.
  • This is HUB International’s 6th transaction in Arkansas.

M&A Deal Summary

Date 2017-10-02
Target Rural Alaska Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Rural Alaska Insurance Agency

Fairbanks, Arkansas, United States
Rural Alaska Insurance Agency, Inc. is a specializes in property and casualty insurance. Rural Alaska Insurance Agency is based in Fairbanks, Arkansas.

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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 253 of 576
Sector (Insurance) 249 of 524
Type (Add-on Acquisition) 221 of 524
State (Arkansas) 6 of 7
Country (United States) 204 of 451
Year (2017) 33 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-18 Benefit Advisory Group

Atlanta, Georgia, United States

Benefit Advisory Group LLC is a specializes in employee benefits, including group and individual plans as well as voluntary benefits. Benefit Advisory Group was founded in 2003 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Baker & Associates

Fairbanks, Alaska, United States

Baker & Associates, Inc. is a property and casualty insurance services provider. Baker & Associates, Inc. was established in 1979 and is based in Fairbanks, Alaska.

Buy -