M&A Deal Summary

HUB International Acquires Sun Life Financial Advisory Services

On January 10, 2003, HUB International acquired insurance company Sun Life Financial Advisory Services from Sun Life for 2M USD

Acquisition Highlights
  • This is HUB International’s 13th transaction in the Insurance sector.
  • This is HUB International’s 2nd largest (disclosed) transaction.
  • This is HUB International’s 4th transaction in Canada.
  • This is HUB International’s 1st transaction in Ontario.

M&A Deal Summary
Date 2003-01-10
Target Sun Life Financial Advisory Services
Sector Insurance
Buyer(s) HUB International
Sellers(s) Sun Life
Deal Type Divestiture
Deal Value 2M USD

Target

Sun Life Financial Advisory Services

Toronto,, Ontario, Canada
Sun Life Financial Advisory Services a Canadian mutual fund dealer provide financial advisory services to individuals and businesses.

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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 13 of 580
Sector (Insurance) 13 of 528
Type (Divestiture) 2 of 52
State (Ontario) 1 of 33
Country (Canada) 4 of 121
Year (2003) 1 of 6
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-30 Fifth Third Insurance Services

United States

Fifth Third Insurance Services, is a provider of various insurance and products for commercial and individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-02 Wilson & McPherson

Madisonville, Kentucky, United States

Wilson & McPherson, Inc. is an insurance agency serves primarily mid-size commercial clients.

Buy -

Seller(S) 1

SELLER

Sun Life

Toronto, Ontario, Canada
Category Company
Founded 1871
Sector Insurance
Employees30,941
Revenue 32.7B CAD (2023)
DESCRIPTION

Sun Life is a international provider of protection and wealth products and services to individual and corporate customers. With offices in key markets worldwide serving millions of customers, Company help people achieve financial peace of mind by providing sound financial solutions throughout their lifetimes. Sun Life was incorporated in 1871 and is based in Toronto, Canada.

DEAL STATS #
Overall 1 of 4
Sector (Insurance) 1 of 4
Type (Divestiture) 1 of 4
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2003) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-29 Clarica Life Insurance

Waterloo, Ontario, Canada

Clarica Life Insurance Co. is a provider of financial solutions in Canada. Company offers a range of health insurance products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Sun Life Insurance & Annuity Company of New York

New York, New York, United States

Sun Life Insurance and Annuity Company of New York engages in the sale of individual fixed and variable annuity contracts.

Sell -
Mergr

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