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New Deal


Announced

Hub International to acquire HMBD 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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United States

insurance agency

Acquisition

Single Bidder

Full Line Insurance

Private

Majority

Pending

Friendly

Synopsis

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Hub International, a global insurance brokerage, agreed to acquire HMBD Insurance Services, a full service, multi-line insurance agency licensed throughout the United States. Financial terms were not disclosed. “HMBD is a solid fit with our growth strategy with proven specialized capabilities in key industries that will expand the scope of our insurance solutions. They will be a huge asset to our clients in the region,” Andrew Forchelli, Hub Los Angeles Regional Leader.

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