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Announced

Hub International to acquire SilverStone Group.

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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Private

Majority

Single Bidder

United States

insurance brokerage

Pending

Insurance Brokers

Acquisition

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Synopsis

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Hub International, a global insurance brokerage, agreed to acquire SilverStone Group, one of the largest insurance brokerages in the US and the largest brokerage in Nebraska. Financial terms were not disclosed. "Hub remains bullish on the growth we are experiencing, and it's opening new M&A opportunities for us with various product, distribution and geographic channels. The differentiating value we can deliver to the staff of our new partners has helped us to attract larger firms such as SilverStone," Marc Cohen, Hub President and Chief Executive Officer.

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