Gallagher - M&A Summary and Business Overview

InsuranceCompany

Gallagher M&A Summary

Gallagher has acquired 559 companies, including 219 in the last 5 years. A total of 17 acquisitions came from private equity firms. It has also divested 8 assets.

Gallagher’s largest acquisition to date was in 2024, when it acquired AssuredPartners for $13.5B. Gallagher has acquired in 44 different US states, and 25 countries. The Company’s most targeted sectors include insurance (84%) 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 Activity561
    • M&A Buy Activity553
    • M&A Sell Activity8
  • Total Sectors Invested 9
  • Total Countries Invested 25
  • M&A Buy/Sell Connections 42
  • 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 (34.0/yr) # 383 25 37 33 38 37 553
vol $2.2B $4.0B $1.3B $1.3B $13.5B $22.2B
Sell (0.6/yr) # 5 2 - - - 1 8
  561

Most Recent M&A

Company Date Value Type
Durham & Bates Agencies, Inc. 2024-12-19 - Add-on Acquisition
Portland, Oregon · www.dbates.com
Howe Insurance Group LLC 2024-12-18 - Add-on Acquisition
Austin, Texas · www.dmcinsure.com
M.J. Schuetz Insurance Services, Inc. 2024-12-18 - Add-on Acquisition
Indianapolis, Indiana · www.schuetzinsurance.com
Sheila J. Butler & Co., Inc. 2024-12-11 - Add-on Acquisition
Carrollton, Georgia · www.teamsjb.com
AssuredPartners, Inc. 2024-12-09 13.5B USD Add-on Acquisition
Orlando, Florida · www.assuredpartners.com
Dawson & Keenan Insurance Ltd. 2024-12-03 - Add-on Acquisition
Sault Ste. Marie, Ontario · www.dawsonkeenan.com
Hann Insurance Brokers Pty Ltd. 2024-12-02 - Add-on Acquisition
Lambton, Australia · www.hann.com.au
Shepard Insurance Group 2024-11-26 - Add-on Acquisition
Old Greenwich, Connecticut · www.shepardinsgrp.com
THB Chile 2024-11-21 - Divestiture
Santiago, Chile · www.thbchile.cl
First Agency, Inc. 2024-11-20 - Divestiture
Kalamazoo, Michigan · www.1stagency.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 459 (83%) 20.9B (94%) 7 (88%) -
Business Services 79 (14%) 1.3B (6%) 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 553 $22.2B 8 -

By Geo

State/Country Buy Value Sell Value
United States 415 15.6B 7 -
  California 51 - - -
  Illinois 38 - 1 -
  Texas 32 - - -
  New York 26 660M - -
  Florida 20 13.5B - -
  New Jersey 19 277M 1 -
  Pennsylvania 18 - - -
  Louisiana 16 - - -
  Michigan 12 - 2 -
  Ohio 13 - - -
  Minnesota 13 - - -
  Missouri 10 - 1 -
  Massachusetts 10 510M 1 -
  Connecticut 10 - - -
  Iowa 9 - - -
  Indiana 8 - - -
  Washington 7 - 1 -
  Arizona 7 - - -
  Colorado 7 - - -
  Oklahoma 6 - - -
  North Carolina 6 - - -
  Nebraska 6 - - -
  Mississippi 6 749M - -
  Wisconsin 6 - - -
  Utah 6 - - -
  Nevada 5 - - -
  Maryland 5 - - -
  Virginia 5 - - -
  Tennessee 5 - - -
  Alabama 4 - - -
  Georgia 4 - - -
  South Carolina 3 - - -
  Arkansas 3 - - -
  Kansas 3 - - -
  Oregon 2 - - -
  Kentucky 2 - - -
  Idaho 2 - - -
  South Dakota 2 - - -
  Rhode Island 1 - - -
  New Mexico 1 - - -
  New Hampshire 1 - - -
  Montana 1 - - -
  Hawaii 1 - - -
United Kingdom 44 5.8B - -
  Washington 1 - - -
Australia 30 719M - -
Canada 29 - 1 -
  Ontario 14 - - -
  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 415 (75%) 15.6B (70%) 7 (88%) -
Cross-border 138 (25%) 6.6B (30%) 1 (13%) -
Total 553 $22.2B 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 2 $17.5B
$100M to $1B 10 $4.7B
TOTAL $22.2B
Largest AssuredPartners, Inc.
$13.5B (2024-12-09)

M&A Connections

Deals
Acquired from
Investor(s)
2%
11 (2%)
Strategic(s)
4%
20 (4%)
Divested to
Strategic(s)
88%
7 (88%)

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