M&A Deal Summary

HUB International Acquires Summit Financial

On November 27, 2017, HUB International acquired financial services company Summit Financial

Acquisition Highlights
  • This is HUB International’s 1st transaction in the Financial Services sector.
  • This is HUB International’s 212th transaction in the United States.
  • This is HUB International’s 11th transaction in Massachusetts.

M&A Deal Summary
Date 2017-11-27
Target Summit Financial
Sector Financial Services
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Summit Financial

Burlington, Massachusetts, United States
Summit Financial Corp. provides plan design, consulting, actuarial, administration and investment-related services for both qualified and non-qualified employer-sponsored retirement plans, as well as, similar services for employee benefit plans.

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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 261 of 576
Sector (Financial Services) 1 of 7
Type (Add-on Acquisition) 229 of 524
State (Massachusetts) 11 of 27
Country (United States) 212 of 451
Year (2017) 41 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 Axella Insurance Services

San Diego, California, United States

Axella Insurance Services, Inc. is a multi-line insurance brokerage serving both individuals and businesses. Axella Insurance Services was founded in2012 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Desert Empire Insurance Services

Palm Desert, California, United States

Desert Empire Insurance Services, Inc. is an independent, multi-line insurance brokerage serving both individuals and businesses. Desert Empire Insurance Services, Inc. was established in 1925 and is based in Palm Desert, California.

Buy -
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