M&A Deal Summary

HUB International Acquires Wm. W. Hammond Insurance Agency

On July 9, 2018, HUB International acquired insurance company Wm. W. Hammond Insurance Agency

Acquisition Highlights
  • This is HUB International’s 281st transaction in the Insurance sector.
  • This is HUB International’s 56th transaction in Canada.
  • This is HUB International’s 12th transaction in Ontario.

M&A Deal Summary

Date 2018-07-09
Target Wm. W. Hammond Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Wm. W. Hammond Insurance Agency

Leamington, Ontario, Canada
Wm. W. Hammond Insurance Agency, Inc. is a provider of full range of insurance services. Wm. W. Hammond Insurance Agency, Inc. is based in Leamington, 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 287 of 579
Sector (Insurance) 281 of 527
Type (Add-on Acquisition) 255 of 527
State (Ontario) 12 of 33
Country (Canada) 56 of 121
Year (2018) 23 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Optimum Group Benefits & Insurance Services

Coquitlam, British Columbia, Canada

Optimum Group Benefits & Insurance Services Ltd. is a provider of insurance solutions including: life insurance, disability, group employee benefits, buy-sell agreement, riffs & estate planning (RRSPs), segregated funds, mortgage protection, critical illness, RRSP loans and group benefits, tax –deferred solution. Optimum Group Benefits & Insurance Services Ltd. was founded in 2001 and is based in Coquitlam, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Independent Financial Concepts Group

Concord, Ontario, Canada

Independent Financial Concepts Group Ltd. is a MGA (Managing General Agency), developed systems and procedures that help our Advisors focus on what matters to our clients. Independent Financial Concepts Group Ltd. was founded in 1999 and is based in Concord, Ontario.

Buy -