M&A Deal Summary

Gallagher Acquires Cleary Benefits Group

On July 8, 2024, Gallagher acquired insurance company Cleary Benefits Group

Acquisition Highlights
  • This is Gallagher’s 447th transaction in the Insurance sector.
  • This is Gallagher’s 403rd transaction in the United States.
  • This is Gallagher’s 9th transaction in Connecticut.

M&A Deal Summary
Date 2024-07-08
Target Cleary Benefits Group
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Cleary Benefits Group

Danbury, Connecticut, United States
Cleary Benefits Group is a health and benefits consulting firm serving primarily mid-size to large commercial clients. Cleary Benefits Group was formed in 1998 and is based in Danbury, Connecticut.

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Buyer(S) 1

Buyer

Gallagher

Rolling Meadows, Illinois, United States
Category Company
Founded 1927
Sector Insurance
Employees44,000
Revenue 10.1B USD (2023)
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 536 of 536
Sector (Insurance) 447 of 447
Type (Add-on Acquisition) 507 of 507
State (Connecticut) 9 of 9
Country (United States) 403 of 403
Year (2024) 20 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Cornerstone

Rancho Cucamonga, California, United States

Cornerstone is a retail insurance agency serving commercial and personal clients primarily in San Bernardino and Riverside counties, with a focus on commercial real estate, construction, and homeowners associations. Cornerstone is based in Rancho Cucamonga, California.

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