M&A Deal Summary

HUB International Acquires Swanson Insurance

On July 15, 2024, HUB International acquired insurance company Swanson Insurance

Acquisition Highlights
  • This is HUB International’s 510th transaction in the Insurance sector.
  • This is HUB International’s 438th transaction in the United States.
  • This is HUB International’s 10th transaction in Louisiana.

M&A Deal Summary

Date 2024-07-15
Target Swanson Insurance
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Swanson Insurance

New Orleans, Louisiana, United States
Swanson Insurance is an independent insurance agency serving the New Orleans community and its surrounding areas. Swanson Insurance was formed in 1985 and is based in New Orleans, Louisiana.

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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 560 of 579
Sector (Insurance) 510 of 527
Type (Add-on Acquisition) 510 of 527
State (Louisiana) 10 of 10
Country (United States) 438 of 454
Year (2024) 22 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-12 IBG

Stoneham, Massachusetts, United States

IBG provides small to medium businesses with employee and group benefits insurance and administrative services. IBG was formed in 1995 and is based in Stoneham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 TAS Insurance Services

Costa Mesa, California, United States

TAS Insurance Services provides clients with group/employer-based health benefits and annuities. TAS is based in Costa Mesa, California.

Buy -