Hub International Acquires The Assets Of Kornerstone, Inc. To Expand Retirement Capabilities In California

Feb 02, 2022•over 3 years ago

Acquiring Company

Hub International

Acquired Company

KORNERSTONE

ChicagoInsuranceEmployee Benefits

Description

HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the assets of kornerstone, Inc. (Kornerstone). Terms of the transaction were not disclosed.

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.

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

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Hub International Acquires The Assets Of Kornerstone, Inc. To Expand Retirement Capabilities In California

Description

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Company Information