M&A Deal Summary

Gallagher Acquires Bay Risk Services

On March 6, 2023, Gallagher acquired insurance company Bay Risk Services

Acquisition Highlights
  • This is Gallagher’s 401st transaction in the Insurance sector.
  • This is Gallagher’s 39th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-03-06
Target Bay Risk Services
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Bay Risk Services

London, United Kingdom
Bay Risk specializes in structuring and placing contracts of delegated underwriting authority. Bay Risk Services was founded in 2016 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Gallagher

Rolling Meadows, Illinois, United States

Category Company
Founded 1927
Sector Insurance
Employees56,000
Revenue 11.6B USD (2024)
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 485 of 581
Sector: Insurance M&A 401 of 483
Type: Add-on Acquisition M&A Deals 459 of 549
Country: United Kingdom M&A 39 of 47
Year: 2023 M&A 7 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Anderson Benson

Nashville, Tennessee, United States

Anderson Benson is a retail insurance broker and risk management firm with entertainment niche expertise as well as specializations in hospitality, construction, transportation, and private clients across the US. Anderson Benson was formed in 2012 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 FE Protect

Merseyside, United Kingdom

FE Protect is an insurance broker specializing in the UK education sector. FE Protect is based in Merseyside, England.

Buy -