M&A Deal Summary

Gallagher Acquires Files Agribusiness

On September 21, 2021, Gallagher acquired insurance company Files Agribusiness

Acquisition Highlights
  • This is Gallagher’s 357th transaction in the Insurance sector.
  • This is Gallagher’s 328th transaction in the United States.
  • This is Gallagher’s 14th transaction in Louisiana.

M&A Deal Summary
Date 2021-09-21
Target Files Agribusiness
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Files Agribusiness

Bastrop, Louisiana, United States
website
Files Agribusiness is a retail insurance agency that specializes in offering Federal Crop Insurance, agribusiness property/casualty, and agricultural aviation coverages to clients primarily in the states of Louisiana, Arkansas, and Mississippi. Files Agribusiness was founded in 2010 and is based in Bastrop, Louisiana.

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Buyer(S) 1

Buyer

Gallagher

Rolling Meadows, Illinois, United States

website

Category Company
Founded 1927
Sector Insurance
Employees44,000
Revenue 8.6B USD (2022)
DESCRIPTION
Gallagher's headquarters in Rolling Meadows, Illinois.
Gallagher's headquarters in Rolling Meadows, Illinois.

Gallagher is an international insurance brokerage and risk management services firm. Gallagher has operations in 27 countries and offers its services in more than 140 countries around the world through a network of correspondent brokers and consultants. Gallagher was incorporated in 1927 and is based in Rolling Meadows, Illinois.

DEAL STATS #
Overall 429 of 528
Sector (Insurance) 357 of 441
Type (Add-on Acquisition) 404 of 499
State (Louisiana) 14 of 16
Country (United States) 328 of 397
Year (2021) 21 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Lloyd Bedford Cox

Bedford Hills, New York, United States

Lloyd Bedford Cox is a retail insurance agency providing comprehensive insurance coverage, services and risk assessment tools to high-net-worth individuals and families throughout the United States, Europe, the Bahamas and the Caribbean. Lloyd Bedford Cox was founded in 1921 and is based in Bedford Hills, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Alpha Surety

Little Rock, Arkansas, United States

Alpha Surety focuses primarily on selling direct and wholesale commercial surety bonds in key industry sectors, including money transmitters, cryptocurrency, professional employer organizations, debt managers, mortgage/finance lenders, fundraisers and others. Alpha Surety was founded in 2002 and is based in Little Rock, Arkansas.

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