M&A Deal Summary

HUB International Acquires Vestas Damage Insurance Firm

On May 13, 2020, HUB International acquired insurance company Vestas Damage Insurance Firm

Acquisition Highlights
  • This is HUB International’s 355th transaction in the Insurance sector.
  • This is HUB International’s 92nd transaction in Canada.
  • This is HUB International’s 7th transaction in Quebec.

M&A Deal Summary

Date 2020-05-13
Target Vestas Damage Insurance Firm
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Vestas Damage Insurance Firm

Montreal, Quebec, Canada
Vestas Damage Insurance Firm, Inc. is an independent firm providing commercial and personal insurance with a focus on various industries, in particular, construction and design professionals. Vestas Damage Insurance Firm was established in 2008 and is based in Montreal, Quebec.

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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 378 of 579
Sector (Insurance) 355 of 527
Type (Add-on Acquisition) 337 of 527
State (Quebec) 7 of 12
Country (Canada) 92 of 121
Year (2020) 16 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Vestas Financial Services Firm

Montreal, Quebec, Canada

Vestas Financial Services Firm, Inc. is an independent firm providing commercial and personal insurance with a focus on various industries, in particular, construction and design professionals. Vestas Financial Services Firm was founded in 2008 and is based in Montreal, Quebec.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Hatchett Insurance Agency

Winchester, Tennessee, United States

Hatchett Insurance Agency LLC is an independent insurance agency providing personal and commercial insurance, and employee benefits, including home and auto insurance, business insurance, life insurance, group health, and more to households and businesses of Middle Tennessee. Hatchett Insurance Agency is based in Winchester, Tennessee.

Buy -