M&A Deal Summary

HUB International Acquires Shinstrom & Norman

On August 10, 2023, HUB International acquired insurance company Shinstrom & Norman

Acquisition Highlights
  • This is HUB International’s 482nd transaction in the Insurance sector.
  • This is HUB International’s 411th transaction in the United States.
  • This is HUB International’s 22nd transaction in Washington.

M&A Deal Summary

Date 2023-08-10
Target Shinstrom & Norman
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Shinstrom & Norman

Kirkland, Washington, United States
Shinstrom & Norman is an independently owned and locally operated insurance agency specializing in personal and commercial insurance services. Shinstrom & Norman was founded in 1911 and is based in Kirkland. Washington.

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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 526 of 580
Sector (Insurance) 482 of 528
Type (Add-on Acquisition) 477 of 528
State (Washington) 22 of 25
Country (United States) 411 of 455
Year (2023) 17 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 Horizon Insurance

Worcester, Massachusetts, United States

Horizon Insurance provides clients in the region with personal insurance – auto, home, life, and commercial insurance. Horizon Insurance was founded in 2014 and is based in Worcester, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 F.A.R.E. Healthcare

St. Louis, Missouri, United States

F.A.R.E. Healthcare provides comprehensive group benefits packages, life insurance, and employee healthcare, based in St. Louis, Missouri.

Buy -