M&A Deal Summary

Gallagher Acquires Palmer Atlantic Insurance

On March 12, 2018, Gallagher acquired insurance company Palmer Atlantic Insurance

Acquisition Highlights
  • This is Gallagher’s 239th transaction in the Insurance sector.
  • This is Gallagher’s 14th transaction in Canada.
  • This is Gallagher’s 1st transaction in New Brunswick.

M&A Deal Summary
Date 2018-03-12
Target Palmer Atlantic Insurance
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Palmer Atlantic Insurance

Hartland, New Brunswick, Canada
website
Palmer Atlantic Insurance Ltd. is a retail property/casualty broker specializing in the transportation and logistics sector, and a trucking insurance specialist. Palmer Atlantic Insurance Ltd. was established in 1976 and is based in Hartland, New Brunswick.

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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 294 of 530
Sector (Insurance) 239 of 443
Type (Add-on Acquisition) 278 of 501
State (New Brunswick) 1 of 2
Country (Canada) 14 of 28
Year (2018) 6 of 48
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 Williams Insurance Agency

Sioux Falls, South Dakota, United States

Williams Insurance Agency, Inc. offers a full range of property/casualty, life, health and voluntary benefits coverages to businesses and individuals primarily across the state of South Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 McGregor & Associates

San Diego, California, United States

McGregor & Associates is a health benefits administrator serving public and private sector clients. McGregor focus areas include educational institutions, public agencies, construction organizations and retiree medical trusts. McGregor & Associates was established in 1993 and is based in San Diego, California.

Buy -
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