M&A Deal Summary

HUB International Acquires Southern Colorado Insurance

On August 7, 2024, HUB International acquired insurance company Southern Colorado Insurance

Acquisition Highlights
  • This is HUB International’s 516th transaction in the Insurance sector.
  • This is HUB International’s 443rd transaction in the United States.
  • This is HUB International’s 9th transaction in Colorado.

M&A Deal Summary

Date 2024-08-07
Target Southern Colorado Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Southern Colorado Insurance

Colorado Springs, Colorado, United States
Southern Colorado Insurance is an independent insurance agency providing commercial and personal insurance. The Company specializes in various industries, including construction, hospitality and nonprofit organizations. Southern Colorado Insurance was founded in 2011 and is based in Colorado Springs, 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 566 of 580
Sector (Insurance) 516 of 528
Type (Add-on Acquisition) 516 of 528
State (Colorado) 9 of 9
Country (United States) 443 of 455
Year (2024) 28 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 IMC

Erie, Pennsylvania, United States

IMC provides commercial insurance and risk management services to commercial, industrial, institutional, and construction risks. Insurance Management was formed in 1933 and is headquartered in Erie, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Clark 401k Consulting

Los Gatos, California, United States

Clark 401k Consulting is an independent 401(k) consulting and fiduciary processes firm that provides 401(k) retirement plan consulting services in various areas, including independent 401(k) investment consulting, review and help establish fiduciary processes and best practices, retirement readiness, plan optimization strategies, benchmarking, and investment selection assistance and monitoring. Clark 401k Consulting was formed in 2006 and is based in Los Gatos, California.

Buy -