M&A Deal Summary

HUB International Acquires Western Growers Insurance Services

On November 4, 2024, HUB International acquired insurance company Western Growers Insurance Services from Western Growers

Acquisition Highlights
  • This is HUB International’s 521st transaction in the Insurance sector.
  • This is HUB International’s 449th transaction in the United States.
  • This is HUB International’s 79th transaction in California.

M&A Deal Summary

Date 2024-11-04
Target Western Growers Insurance Services
Sector Insurance
Buyer(s) HUB International
Sellers(s) Western Growers
Deal Type Divestiture

Target

Western Growers Insurance Services

California, United States
Western Growers Insurance Services provides full-service risk mitigation and management solutions, including insurance products and employee benefits.

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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 573 of 579
Sector (Insurance) 521 of 527
Type (Divestiture) 52 of 52
State (California) 79 of 79
Country (United States) 449 of 454
Year (2024) 35 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 WestStar Insurance Agency

El Paso, Texas, United States

WestStar Insurance Agency focuses on business insurance, employee benefits, and personal insurance products to customize protection for their clients. WestStar Insurance Agency is based in El Paso, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Global Ag Risk Solutions

Moose Jaw, Saskatchewan, Canada

Global Ag Risk Solutions provides industry-leading whole-farm insurance solutions, including parametric solutions and weather modeling technology, to help clients protect the cost of crops and their profit. Global Ag Risk Solutions was founded in 2009 and is based in Moose Jaw, Saskatchewan.

Buy -

Seller(S) 1

SELLER

Western Growers

Irvine, California, United States

Category Company
Founded 1926
Sector Business Services
DESCRIPTION

Western Growers provides local and regional family farmers growing fresh produce in California, Arizona, Colorado and New Mexico. Western Growers' members and their workers provide over half the nation's fresh fruits, vegetables and tree nuts, including half of America's fresh organic produce. Among the many products and services offered to members, Western Growers specializes in the administration of health plans. Western Growers was founded in 1926 and is based in Irvine, California.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1