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New Deal


Announced

Hub International to acquire LBA Insurance Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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employee benefits

Acquisition

Private

United States

Pending

consulting services

Outsourced HR and Staffing

Majority

Friendly

Single Bidder

Synopsis

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Hub International, a leading global insurance brokerage, agreed to acquire LBA Insurance Services, a full-service agency providing employee benefits, retirement and consulting services. Financial terms were not disclosed. "Joining Hub was the next logical step for us. With Hub, we will enhance the relationships with our loyal clients, as well as, expand the services and products we will offer. Our cultures are also similar, which is meaningful to me and one of the main reasons we chose Hub." Lior Avishay, President of LBA.

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