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Hub International expands agribusiness insurance and risk solutions with acquisition of Western Growers Insurance Services

Nov 04, 2024•about 1 year ago

Acquiring Company

Hub International

Acquired Company

Western Growers Insurance Services

ChicagoIrvineInsuranceEmployee BenefitsInsuranceAgriculture and Farming

Description

Hub International Limited, a leading global insurance brokerage and financial services firm, has acquired the retail insurance brokerage business of Western Growers Insurance Services. This acquisition enhances Hub's services in the agribusiness industry and better positions WGIS for long-term growth through expanded scale and capabilities.

Company Information

Company

Hub International

Location

Chicago, Illinois, United States

About

Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 17,000 employees in offices located throughout North America, HUB's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed