M&A Deal Summary

Gallagher Acquires Eastern Insurance Group

On September 19, 2023, Gallagher acquired insurance company Eastern Insurance Group for 510M USD

Acquisition Highlights
  • This is Gallagher’s 419th transaction in the Insurance sector.
  • This is Gallagher’s 6th largest (disclosed) transaction.
  • This is Gallagher’s 380th transaction in the United States.
  • This is Gallagher’s 10th transaction in Massachusetts.

M&A Deal Summary
Date 2023-09-19
Target Eastern Insurance Group
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition
Deal Value 510M USD

Target

Eastern Insurance Group

Natick, Massachusetts, United States
website
Eastern Insurance Group is a provider of various insurance services and products. It offers construction insurance, surety bonds, small business insurance, lumber industry insurance, employee benefits. Eastern Insurance Group was founded in 1989 and is based in Natick, Massachusetts.

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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 504 of 528
Sector (Insurance) 419 of 441
Type (Add-on Acquisition) 478 of 499
State (Massachusetts) 10 of 10
Country (United States) 380 of 397
Year (2023) 26 of 38
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Morgan Trevathan & Gunn

Benton, Kentucky, United States

Morgan, Trevathan & Gunn is a retail insurance broker specializing in the trucking industry. MTG was founded in 1934 and is based in Benton, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Ace Commercial Insurance Center

Corona, California, United States

Ace Commercial Insurance Center is an insurance broker serving the trucking industry. Ace Commercial Insurance Center was founded in 2005 and is based in Corona, California.

Buy -
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