Add-on Acquisition • Insurance

HUB International Acquires TRA Insurance Solutions

On February 6, 2020, HUB International acquired insurance company TRA Insurance Solutions

Acquisition Context
  • This is HUB International’s 347th transaction in the Insurance sector.
  • This is HUB International’s 278th transaction in the United States.
  • This is HUB International’s 8th transaction in Pennsylvania.

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M&A Deal Summary

Date February 6, 2020
Target TRA Insurance Solutions
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target Company

TRA Insurance Solutions

King of Prussia, Pennsylvania, United States
Triester, Rossman & Associates, Inc. is an independent insurance firm providing clients with commercial and personal insurance, and employee benefits solutions. Triester, Rossman & Associates was established in 1971 and is based in King of Prussia, Pennsylvania.
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Buyer Overview 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 founded in 1998 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 368 of 602
Sector: Insurance 347 of 547
Type: Add-on Acquisition 329 of 550
State: Pennsylvania 8 of 16
Country: United States 278 of 476
Year: 2020 6 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Kokkoris Insurance Services

Astoria, New York, United States

Kokkoris Corp. is a boutique insurance agency that provides commercial and personal insurance to clients, especially in the construction, real estate, and hospitality industries. Kokkoris is based in Astoria, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Azur Consulting Services

Longueuil, Quebec, Canada

Azur Consulting Services, Inc. provides employee benefits consulting, including group and health benefits solutions. Azur Consulting Services is based in Longueuil, Quebec.

Buy -