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New Deal


Announced

Completed

Hub International completed the acquisition of Red Rock Financial.

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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Completed

Majority

Life Insurance

Single Bidder

risk management

United States

Domestic

Acquisition

Private

life insurance

Friendly

Synopsis

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Hub International, a full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services, completed the acquisition of Red Rock Financial, a company of insurance consultants who are focused on decreasing risk and increasing profitability for financial institutions. Financial terms were not disclosed. "We are thrilled to welcome the specialty financial institution practice of Red Rock Financial to Hub Financial Services. We've had a long and collaborative relationship with Red Rock Financial. Their expertise in providing insurance solutions for financial institutions will enhance our capabilities and enable us to provide a high level of service to our clients in this market," Scott Eckerty, Hub Financial Services President.

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