Hub Acquires Yavitz Insurance
Deal News | Feb 10, 2025 | EIN
Hub International Limited, a prominent private insurance brokerage, has announced the acquisition of Yavitz Insurance Group, a well-established independent insurance agency located in St. Louis, Missouri. Founded in 1921, Yavitz Insurance has been a cornerstone in the local community for over a century, offering a range of commercial and personal insurance solutions for its clients. As part of the acquisition, the owner, Ken Yavitz, and the existing team will become part of HUB's Kansas and Missouri operations. Although the terms of the transaction remain undisclosed, this acquisition is expected to bolster HUB's presence in the Midwest region. Yavitz Insurance will continue to operate under its well-known name as a segment of Hub International.
Sectors
- Insurance
- Mergers and Acquisitions
Geography
- United States – The acquisition involves companies based in the United States, with Yavitz Insurance Group located in St. Louis, Missouri.
- Missouri – Yavitz Insurance Group is headquartered in Missouri, which is central to the article's geographical focus.
Industry
- Insurance – The acquisition involves Hub International Limited acquiring Yavitz Insurance Group, both operating within the insurance sector, providing commercial and personal insurance solutions.
- Mergers and Acquisitions – The article discusses a corporate acquisition deal where Hub International is acquiring Yavitz Insurance Group.
Financials
- Not disclosed – The financial terms of the acquisition between Hub International Limited and Yavitz Insurance Group have not been made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hub International Limited | Acquirer | Company | A leading insurance brokerage and financial services firm acquiring Yavitz Insurance Group. |
| Yavitz Insurance Group | Target Company | Company | An independent insurance agency based in St. Louis, Missouri, providing insurance solutions for individuals and businesses. |
| Ken Yavitz | Owner | Person | The owner of Yavitz Insurance Group who will join Hub International’s Kansas and Missouri team. |