Add-on Acquisition • Insurance

HUB International Acquires Shields Insurance Agency

On January 19, 2021, HUB International acquired insurance company Shields Insurance Agency

Acquisition Context
  • This is HUB International’s 388th transaction in the Insurance sector.
  • This is HUB International’s 310th transaction in the United States.
  • This is HUB International’s 3rd transaction in Alabama.

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M&A Deal Summary

Date January 19, 2021
Target Shields Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

Shields Insurance Agency

Birmingham, Alabama, United States
Shields Insurance Agency is independently owned and provides innovative solutions tailored to their clients’ specific insurance needs, including personal and business. Shields Insurance Agency is based in Birmingham, Alabama.
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Buyer Overview 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 founded in 1998 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 415 of 602
Sector: Insurance 388 of 547
Type: Add-on Acquisition 371 of 550
State: Alabama 3 of 3
Country: United States 310 of 476
Year: 2021 10 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-18 MPE Employee Benefit Services

Ridgeland, Mississippi, United States

MPE Employee Benefit Services is a third-party administrator (TPA) providing administration services and employee benefit plan design and solutions to employers throughout the Southeast. MPE Employee Benefit Services is based in Ridgeland, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Galon Insurance Brokers

Regina, Saskatchewan, Canada

Galon Insurance Brokers is a three-generation full-service insurance brokerage that provides personal, commercial, and agribusiness insurance, as well as government auto and various other professional services. Galon Insurance Brokers was founded in 1963 and is based in Regina, Saskatchewan.

Buy -