Gallagher - M&A Summary and Business Overview

InsuranceCompany

Gallagher M&A Summary

Gallagher has acquired 549 companies, including 209 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 8 assets.

Gallagher’s largest acquisition to date was in 2021, when it acquired Willis Towers Watson - Treaty Reinsurance Brokerage Operations for $4.0B. Gallagher has acquired in 44 different US states, and 25 countries. The Company’s most targeted sectors include insurance (83%) and business services (15%).

Gallagher Business Overview

Where is Gallagher headquartered?

Gallagher is headquartered in Rolling Meadows, Illinois.

What is Gallagher’s revenue?

Gallagher disclosed revenue of 10,072M USD for 2023 and 8,551M USD for 2022.

How many employees does Gallagher have?

Gallagher has 44,000 employees.

What sector is Gallagher in?

Gallagher is an insurance company.

When was Gallagher founded?

Gallagher was founded in 1927.

M&A Summary

  • M&A Total Activity553
    • M&A Buy Activity545
    • M&A Sell Activity8
  • Total Sectors Invested 9
  • Total Countries Invested 25
  • M&A Buy/Sell Connections 39
  • M&A Advisors 3

Gallagher

Arthur J. Gallagher & Co.

2850 Golf Road,
Rolling Meadows, Illinois 60008
United States,
(630) 773-3800
www.ajg.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (32.4/yr) # 383 25 37 33 38 29 545
vol $2.2B $4.0B $1.3B $1.3B $8.7B
Sell (0.6/yr) # 5 2 - - - 1 8
  553

Most Recent M&A

Company Date Value Type
THB Chile 2024-11-21 - Divestiture
Santiago, Chile · www.thbchile.cl
First Agency, Inc. 2024-11-20 - Divestiture
Kalamazoo, Michigan · www.1stagency.com
Peabody Insurance Agency, Inc. 2024-11-05 - Add-on Acquisition
Fenton, Michigan · www.peabodyinc.com
Scout Benefits Group LLC 2024-11-04 - Add-on Acquisition
Oklahoma, Oklahoma · www.scoutbenefitsgroup.com
American Matar International, Inc. 2024-11-04 - Add-on Acquisition
Altadena, California · www.st8wide.com
Adept Benefits LLC 2024-10-29 - Add-on Acquisition
Snoqualmie, Washington
Filos Agency, Inc. 2024-10-28 - Add-on Acquisition
Long Beach, New York · www.filosagencyinc.com
Via Financial Group Pty Ltd. 2024-10-25 - Add-on Acquisition
Avalon, Australia · www.viafg.com.au
Redington Ltd. 2024-10-25 - Add-on Acquisition
London, United Kingdom · www.redington.co.uk
Risk International Services LLC 2024-10-02 - Add-on Acquisition
Fairlawn, Ohio · www.riskinternational.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Gallagher Bassett Services, Inc.    - NetClaim 2024-07-02 4
Itasca,, Illinois · www.gallagherbassett.com Lake Oswego, Oregon · www.netclaim.com
Gallagher Bassett Services, Inc.    - My Plan Manager Group Pty Ltd 2023-12-07 3
Itasca,, Illinois · www.gallagherbassett.com Adelaide, Australia · www.myplanmanager.com.au
The Benfield Group LLC 2014-09-22 Parisco AS 2021-04-07 1
St. Louis, Missouri · www.benfield.com Oslo, Norway · www.parisco.as
Gallagher Bassett Services, Inc.    - GAB Robins - TPA and Managed Care Businesses 2010-09-29 2
Itasca,, Illinois · www.gallagherbassett.com , United States
Risk Placement Services, Inc.    - National Insurance Professionals Corp. 2003-11-03 8
Itasca, Illinois · www.rpsins.com Poulsbo, Washington · www.nipc.com

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 451 (83%) 7.4B (85%) 7 (88%) -
Business Services 79 (14%) 1.3B (15%) 1 (13%) -
Staffing 8 (1%) - - -
Marketing 2 (< 1%) - - -
Financial Services 1 (< 1%) - - -
Information Technology 1 (< 1%) - - -
Infrastructure 1 (< 1%) - - -
Real Estate 1 (< 1%) - - -
Software 1 (< 1%) - - -
Total 545 $8.7B 8 -

By Geo

State/Country Buy Value Sell Value
United States 409 2.2B 7 -
  California 51 - - -
  Illinois 38 - 1 -
  Texas 31 - - -
  New York 26 660M - -
  New Jersey 19 277M 1 -
  Florida 19 - - -
  Pennsylvania 18 - - -
  Louisiana 16 - - -
  Michigan 12 - 2 -
  Ohio 13 - - -
  Minnesota 13 - - -
  Missouri 10 - 1 -
  Massachusetts 10 510M 1 -
  Connecticut 9 - - -
  Iowa 9 - - -
  Washington 7 - 1 -
  Indiana 7 - - -
  Colorado 7 - - -
  Arizona 7 - - -
  Wisconsin 6 - - -
  Utah 6 - - -
  Oklahoma 6 - - -
  North Carolina 6 - - -
  Nebraska 6 - - -
  Mississippi 6 749M - -
  Virginia 5 - - -
  Tennessee 5 - - -
  Nevada 5 - - -
  Maryland 5 - - -
  Alabama 4 - - -
  Georgia 3 - - -
  South Carolina 3 - - -
  Arkansas 3 - - -
  Kansas 3 - - -
  Idaho 2 - - -
  South Dakota 2 - - -
  Kentucky 2 - - -
  Hawaii 1 - - -
  Rhode Island 1 - - -
  Oregon 1 - - -
  New Mexico 1 - - -
  New Hampshire 1 - - -
  Montana 1 - - -
United Kingdom 44 5.8B - -
  Washington 1 - - -
Australia 29 719M - -
Canada 28 - 1 -
  Ontario 13 - - -
  Alberta 4 - 1 -
  Quebec 3 - - -
  Manitoba 3 - - -
  New Brunswick 2 - - -
  British Columbia 2 - - -
  Nova Scotia 1 - - -
Ireland 5 - - -
New Zealand 4 - - -
Sweden 3 - - -
Switzerland 3 - - -
Colombia 2 - - -
Norway 2 - - -
Trinidad and Tobago 2 - - -
Bermuda 1 - - -
Brazil 1 - - -
Channel Islands 1 - - -
Chile 1 - - -
Czech Republic 1 - - -
Germany 1 - - -
India 1 - - -
Indonesia 1 - - -
Jamaica 1 - - -
Malaysia 1 - - -
Mexico 1 - - -
Peru 1 - - -
Singapore 1 - - -
Turkey 1 - - -
Domestic 409 (75%) 2.2B (25%) 7 (88%) -
Cross-border 136 (25%) 6.6B (75%) 1 (13%) -
Total 545 $8.7B 8 -

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Legal Deals
Wragge Lawrence Graham & Co LLP
1
Sidley
1

Deal Values

buy # Total
> $1B 1 $4.0B
$100M to $1B 10 $4.7B
TOTAL $8.7B
Largest Willis Towers Watson - Treaty Reinsurance Brokerage Operations
$4.0B (2021-08-13)

M&A Connections

Deals
Acquired from
Investor(s)
2%
10 (2%)
Strategic(s)
4%
20 (4%)
Divested to
Strategic(s)
88%
7 (88%)

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