Acquiring Company
Hub International
Acquired Company
Malloy Imrie & Vasconi Insurance Services
Description
Hub International Limited has acquired the assets of Malloy Imrie & Vasconi Insurance Services, enhancing its commercial and employee benefit services. The acquisition strengthens Hub's offerings in the agribusiness sector and personal insurance. MIV Insurance will now operate under the Hub International brand. Terms of the deal were not disclosed.
M&A Insights
Based on deal dataIntegration 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