Add-on Acquisition • Insurance

Gallagher Acquires Hartley Cylke Pacific Insurance

On September 25, 2023, Gallagher acquired insurance company Hartley Cylke Pacific Insurance

Acquisition Context
  • This is Gallagher’s 421st transaction in the Insurance sector.
  • This is Gallagher’s 382nd transaction in the United States.
  • This is Gallagher’s 49th transaction in California.

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M&A Deal Summary

Date September 25, 2023
Target Hartley Cylke Pacific Insurance
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target Company

Hartley Cylke Pacific Insurance

San Diego, California, United States
Hartley Cylke Pacific Insurance is a retail insurance broker specializing in transportation for clients throughout California and Arizona. Hartley Cylke Pacific Insurance was founded in 1912 and is based in San Diego, California.
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Buyer Overview 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 Context for Buyer #
Overall 506 of 581
Sector: Insurance 421 of 483
Type: Add-on Acquisition 480 of 549
State: California 49 of 53
Country: United States 382 of 431
Year: 2023 28 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Ace Commercial Insurance Center

Corona, California, United States

Ace Commercial Insurance Center is an insurance broker serving the trucking industry. Ace Commercial Insurance Center was founded in 2005 and is based in Corona, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 Meadowbrook Insurance Agency

Southfield, Michigan, United States

Meadowbrook Insurance Agency is a retail insurance broker offering a comprehensive range of property/casualty and group benefits services to clients throughout Michigan and in Florida. Meadowbrook Insurance Agency was founded in 1955 and is based in Southfield, Michigan.

Buy -