M&A Deal Summary

HUB International Acquires Salvatore Insurance Brokers

On June 4, 2021, HUB International acquired insurance company Salvatore Insurance Brokers

Acquisition Highlights
  • This is HUB International’s 404th transaction in the Insurance sector.
  • This is HUB International’s 105th transaction in Canada.
  • This is HUB International’s 2nd transaction in Nova Scotia.

M&A Deal Summary
Date 2021-06-04
Target Salvatore Insurance Brokers
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Salvatore Insurance Brokers

Lower Sackville, Nova Scotia, Canada
Salvatore Insurance Brokers is a family-owned insurance agency providing clients in Atlantic Canada commercial insurance. Salvatore Insurance Brokers is based in Lower Sackville, Nova Scotia.

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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 433 of 576
Sector (Insurance) 404 of 524
Type (Add-on Acquisition) 389 of 524
State (Nova Scotia) 2 of 2
Country (Canada) 105 of 121
Year (2021) 28 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 GCRM

Calgary, Alberta, Canada

GCRM is an independent broker of accounts receivable and political risk insurance. GCRM provides accounts receivable insurance and advisory services to businesses, including manufacturers, commodity traders, the services sector, finance professionals, and to Canada’s leading banks and other financial intermediaries. GCRM was founded in 2009 and is based in Calgary, Alberta.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 EnterMedicare

Los Angeles, California, United States

EnterMedicare has developed a digital educational platform to help make Medicare more transparent, easier to understand, and more accessible to the senior population. The technology platform establishes a modern flow of information from insurance carriers, to Medicare consumers, and delivers information from the consumer back to the insurer to improve the personalization of products and services, enabling consumers to choose the Medicare options that make the most sense for them. EnterMedicare is based in Los Angeles, California.

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