M&A Deal Summary

Gallagher Acquires Horak Insurance

On January 30, 2024, Gallagher acquired insurance company Horak Insurance

Acquisition Highlights
  • This is Gallagher’s 435th transaction in the Insurance sector.
  • This is Gallagher’s 392nd transaction in the United States.
  • This is Gallagher’s 8th transaction in Iowa.

M&A Deal Summary
Date 2024-01-30
Target Horak Insurance
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Horak Insurance

Washington, Iowa, United States
Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines clients. Horak Insurance was founded in 1928 and is based in Washington, Iowa.

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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 521 of 536
Sector (Insurance) 435 of 447
Type (Add-on Acquisition) 492 of 507
State (Iowa) 8 of 9
Country (United States) 392 of 403
Year (2024) 5 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Rowley Agency

Concord, New Hampshire, United States

Rowley Agency is a retail insurance broker providing property/casualty, surety, and employee benefits products to commercial and personal lines clients primarily in New Hampshire, Vermont, Maine and Massachusetts. Rowley Agency was founded in 1966 and is based in Concord, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Ericson Insurance Advisors

Washington Depot, Connecticut, United States

Ericson Insurance Advisors is a personal lines-focused insurance broker serving high-net-worth clients nationwide. Ericson Insurance Advisors is based in Washington Depot, Connecticut.

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