M&A Deal Summary

HUB International Acquires Warner Associates

On October 14, 2002, HUB International acquired insurance company Warner Associates

Acquisition Highlights
  • This is HUB International’s 9th transaction in the Insurance sector.
  • This is HUB International’s 6th transaction in the United States.
  • This is HUB International’s 1st transaction in Alabama.

M&A Deal Summary

Date 2002-10-14
Target Warner Associates
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Warner Associates

Montgomery, Alabama, United States
Warner Associates, Inc.,specialist in the direct marketing of life and health insurance coverage to retail customers of financial institutions.

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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 9 of 579
Sector (Insurance) 9 of 527
Type (Add-on Acquisition) 9 of 527
State (Alabama) 1 of 3
Country (United States) 6 of 454
Year (2002) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-31 Old Lyme Insurance Company of Rhode Island

Warwick, Rhode Island, United States

Old Lyme Insurance Company of Rhode Island, Inc. operates as an insurance broker.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-09 Brentwood Benefits & Consultants

Los Angeles,, California, United States

Brentwood Benefits & Consultants, Inc. is a provider of insurance solutions for divers on vacation trips.

Buy -