M&A Deal Summary

Gallagher Acquires Triad Insurance Agency

On October 26, 2009, Gallagher acquired insurance company Triad Insurance Agency from Bank of Hawaii

Acquisition Highlights
  • This is Gallagher’s 52nd transaction in the Insurance sector.
  • This is Gallagher’s 62nd transaction in the United States.
  • This is Gallagher’s 1st transaction in Hawaii.

M&A Deal Summary
Date 2009-10-26
Target Triad Insurance Agency
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Bank of Hawaii
Deal Type Divestiture

Target

Triad Insurance Agency

Honolulu, Hawaii, United States
Triad Insurance Agency, Inc. is a managing general agent and wholesale insurance broker providing excess and surplus property/casualty coverage and other specialty insurance products and services to their retail insurance agents and broker clients throughout Hawaii.

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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 66 of 528
Sector (Insurance) 52 of 441
Type (Divestiture) 1 of 19
State (Hawaii) 1 of 1
Country (United States) 62 of 397
Year (2009) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Fox Lawson & Associates

St. Paul, Minnesota, United States

Fox Lawson & Associates is a compensation and human resources consulting firm that specializes in wage and classification studies, performance-based pay programs, executive compensation programs and alternative reward systems for their governmental, higher education and private sector clients throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-23 The Shuford Insurance Agency

Concord, North Carolina, United States

Shuford Insurance Agency, Inc. is an independent insurance agency offering personal and commercial property/casualty insurance products and services to their clients throughout the Eastern United States.

Buy -

Seller(S) 1

SELLER

Bank of Hawaii

Honolulu, Hawaii, United States

website

Category Company
Founded 1897
Sector Financial Services
Employees2,076
Revenue 698M USD (2022)
DESCRIPTION

Bank of Hawaii is a regional bank holding company. Bank of Hawaii through its subsidiaries provide varied financial services to businesses, consumers and governments in Hawaii, American Samoa and the Pacific Islands. Bank of Hawaii was incorporated in 1897 and is based in Honolulu, Hawaii.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Mergr

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