M&A Deal Summary

HUB International Acquires The President s Group Life Insurance Agency

On March 10, 2022, HUB International acquired insurance company The President s Group Life Insurance Agency

Acquisition Highlights
  • This is HUB International’s 440th transaction in the Insurance sector.
  • This is HUB International’s 109th transaction in Canada.
  • This is HUB International’s 28th transaction in Ontario.

M&A Deal Summary

Date 2022-03-10
Target The President s Group Life Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

The President s Group Life Insurance Agency

Mississauga, Ontario, Canada
The President's Group Life Insurance Agency offers life insurance products that have helped over 4,000 Canadians secure life insurance and provide their families with peace of mind. The President's Group Life Insurance Agency was founded in 1978 and is based in Mississauga, Ontario.

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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 476 of 580
Sector (Insurance) 440 of 528
Type (Add-on Acquisition) 431 of 528
State (Ontario) 28 of 33
Country (Canada) 109 of 121
Year (2022) 9 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Niedermeyer Risk Management

Beaverton, Oregon, United States

Niedermeyer Risk Management provides employee benefits consulting, commercial and personal insurance, also specializes in the hospitality (wineries) and construction (architects, general contractors, trades) industries. Niedermeyer Risk Management was founded in 2015 and is based in Beaverton, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-11 Midland Agency Insurance

Columbia, South Carolina, United States

Midland Agency Insurance provides commercial and personal insurance and specializes in the agribusiness industry. Midland Agency Insurance was founded in 1985 and is based in Columbia, South Carolina.

Buy -