MarshBerry Advises Western Growers Insurance Services on Their Acquisition by HUB International Limited
Woodmere, OH, December 2, 2024 – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to have advised Western Growers Association on their sale of Western Growers Insurance Services (WGIS) to Hub International Limited (Hub). The transaction closed on November 1, 2024.
Based in Irvine, CA, and with 10 offices located in California and Arizona, WGIS provides full-service risk mitigation and management solutions, including insurance products and employee benefits. Their focus on the agribusiness and farm industry supports Hub’s Specialty practices by complementing and strengthening its existing capabilities. As a result of the transaction, WGIS’ current clients will gain access to a wider variety of insurance solutions, while maintaining a strong connection with best-in-class regional expertise in the agriculture and food space.
“Our team worked diligently to ensure that the interests of WGIS, and the larger parent organization, Western Growers Association, were fully aligned and preserved,” said Phil Trem, MarshBerry President – Financial Advisory. “The success of this transaction underscores MarshBerry’s ability to deliver tailored solutions for complex deals, even in highly nuanced situations such as this. We are proud to have played a role in supporting the ongoing mission of Western Growers to serve its members and advance the agricultural industry.”
Terms of the transaction were not disclosed.
MarshBerry remains the number one sell side advisor for insurance agencies and brokerages and retains its position as the industry leader for total number of clients advised. Since 1999, MarshBerry has advised on more than 1,300 merger & acquisition transactions which is approximately 25% of the total tracked deal flow in the insurance distribution industry during this period as reported by S&P Global Market Intelligence.
MarshBerry – Helping Clients Learn, Improve & Realize Value
MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.
Western Growers Association
Founded in 1926, Western Growers is dedicated to ensuring the competitiveness and long-term sustainability of its members by advocating for sound public policies, providing innovative business services, and fostering a collaborative community within the agriculture industry. Through its subsidiaries, including Western Growers Insurance Services and Western Growers Assurance Trust, the association offers tailored solutions to meet members’ needs, such as comprehensive health benefit programs, insurance offerings, and risk management services. With a mission to enhance the welfare of its members and the communities they serve, Western Growers continues to champion the vital role of agriculture in feeding the nation and supporting the economy. For more information, visit www.wga.com.
Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.
