M&A Deal Summary

Gallagher Acquires Excess Underwriting

On June 16, 2021, Gallagher acquired insurance company Excess Underwriting

Acquisition Highlights
  • This is Gallagher’s 350th transaction in the Insurance sector.
  • This is Gallagher’s 24th transaction in Canada.
  • This is Gallagher’s 10th transaction in Ontario.

M&A Deal Summary
Date 2021-06-16
Target Excess Underwriting
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Excess Underwriting

Markham, Ontario, Canada
website
Excess Underwriting is a property/casualty managing general agency (MGA) and Lloyd's broker serving insurance brokers and their clients across Canada. The Company specializes in commercial and residential property and liability, and errors & omissions coverage solutions. Excess Underwriting was founded in 2008 and is based in Markham, Ontario.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 422 of 530
Sector (Insurance) 350 of 443
Type (Add-on Acquisition) 399 of 501
State (Ontario) 10 of 13
Country (Canada) 24 of 28
Year (2021) 14 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 LDJ American Online Benefits Group

Addison, Texas, United States

LDJ American Online Benefits Group designs, markets and services supplemental health insurance and wellness products, including short-term medical, hospital indemnity, AD&D, vision care and a wellness program, through more than 2,500 independent agents across the U.S. LDJ American Online Benefits Group was founded in 2013 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Stellar Benefits Group

Solon, Ohio, United States

Stellar Benefits Group is a full-service employee benefits consulting firm offering comprehensive health and welfare programs for businesses of all sizes, ranging from individual offices to multinational corporations. Stellar Benefits Group was founded in 2003 and is based in Solon, Ohio.

Buy -
Mergr

Product

Company

Legal