Hughes Insurance Agency, Inc.
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Hughes Insurance Agency, Inc. - overview
Established
1962
Location
-, NY, US
Primary Industry
Insurance
About
Based in New York, US, and founded in 1962, Hughes Insurance Agency, Inc. operates as a full-service agency for its business and individual clients. In November 2023, Arthur J. Gallagher, a global insurance brokerage, risk management, and consulting services firm acquired Hughes Insurance Agency, Inc.
As of November 2023, the company provides access to a network of over 40 insurance carriers and has offices in Albany and Queensbury, New York. Hughes Insurance Agency, Inc. provides a wide array of insurance offerings and caters to both personal and commercial needs. Its services span across various sectors, including commercial auto, liability, property, group health, worker's compensation, automotive, homeowner's, umbrella, boat, motorcycle, RV, and life insurance.
Following the acquisition in November 2023, the company plans to strengthen financial services throughout the market.
Current Investors
Arthur J. Gallagher
Primary Industry
Insurance
Sub Industries
Insurance, Life Insurance, Commercial Insurance, Health Insurance, Personal Insurance
Website
www.hughesinsurance.com
Verticals
InsureTech
Total Amount Raised
Subscriber access only
Hughes Insurance Agency, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Hughes Insurance Agency, Inc. | - |
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