Hub International acquires McClements Insurance Services, LLC to expand employee benefits services
Acquiring Company
Hub International
Acquired Company
McClements Insurance Services
ChicagoVenturaProfessional ServicesFinancial ServicesHealth CareEmployee BenefitsRisk ManagementInsuranceEmployee BenefitsInsuranceDescription
Hub International Limited, a leading global insurance brokerage and financial services firm, has acquired the assets of McClements Insurance Services, LLC. This acquisition expands Hub's services in employee benefits and strengthens their industry expertise in California, enhancing their support for complex employee benefit matters.
Quick answer
Hub International is acquiring McClements Insurance Services, announced July 19, 2024. Hub International is based in Chicago, Illinois, United States.
- How much did Hub International pay for McClements Insurance Services?
- The deal value was not disclosed.
- What does Hub International do?
- 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.
- Where are Hub International and McClements Insurance Services based?
- Hub International is based in Chicago, Illinois, United States. McClements Insurance Services is based in Ventura, California, United States.
- Who are the decision-makers at Hub International?
- Fundz holds 3 contacts at Hub International. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Professional Services and Financial Services
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Hub International Limited acquires Insurance Management Company to strengthen commercial insurance and risk management capabilities (August 6, 2024)
- Hub International Limited acquires assets of Wyatt Insurance Services, Inc. to expand nonprofit and construction commercial insurance and employee benefits services (July 10, 2024)
- Hub International Limited acquires Essex Agency, Inc. to expand commercial and personal insurance in Vermont (June 4, 2024)
- The Standard to acquire Allstate’s Employer Voluntary Benefits business for approximately $2 billion and enter into a product distribution partnership, $2B (August 13, 2024)
- Hub International Limited acquires Skinner & Company, Inc. to strengthen commercial insurance and risk management capabilities (July 1, 2024)
- PCF Insurance Services completes strategic acquisitions of Ignitist, The Brady Agency, Roseberry Insurance Agency, and The Sinnott Agency (June 24, 2024)
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Frequently asked
Who acquired McClements Insurance Services?
McClements Insurance Services was acquired by Hub International, based in Chicago. The deal was reported on July 19, 2024. 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. Hub International is privately held and operates in Professional Services.
When did Hub International acquire McClements Insurance Services?
Hub International's acquisition of McClements Insurance Services was reported on July 19, 2024. Hub International Limited, a leading global insurance brokerage and financial services firm, has acquired the assets of McClements Insurance Services, LLC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does McClements Insurance Services do?
McClements Insurance Services, LLC is a commercial insurance agency that specializes in helping large employers arrive at creative solutions for their employee benefits and HR compliance challenges. It is privately held, operating in Employee Benefits, and is based in Ventura.
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