M&A Deal Summary

Gallagher Acquires Preston-Patterson Co.

On December 17, 2018, Gallagher acquired insurance company Preston-Patterson Co.

Acquisition Highlights
  • This is Gallagher’s 277th transaction in the Insurance sector.
  • This is Gallagher’s 266th transaction in the United States.
  • This is Gallagher’s 14th transaction in Pennsylvania.

M&A Deal Summary

Date 2018-12-17
Target Preston-Patterson Co.
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Preston-Patterson Co.

Conshohocken, Pennsylvania, United States
Preston-Patterson Co., Inc. is a retail property/casualty insurance broker offering a broad range of coverages and services to broadcasters and media clients throughout the United States. Preston-Patterson was founded in 1947 and is based in Conshohocken, Pennsylvania.

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Buyer(S) 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 STATS #
Overall 335 of 581
Sector: Insurance M&A 277 of 483
Type: Add-on Acquisition M&A Deals 318 of 549
State: Pennsylvania M&A 14 of 19
Country: United States M&A 266 of 431
Year: 2018 M&A 47 of 48
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 HMG-PCMS

Tamworth, United Kingdom

HMG-PCMS Ltd. is a provider of property repair services to insurers and commercial third-party claims administrators through a network of managed independent contractors. HMG-PCMS was founded in 1991 and is based in Tamworth, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Pointer Insurance Agency

Southaven, Mississippi, United States

Pointer Insurance Agency offers a broad range of property/casualty coverages to businesses and individuals across Mississippi and Tennessee, with a focus on commercial and residential construction, restaurants, the hospitality industry, and artisan contractors. Pointer also offers health, life, disability and long-term care coverages for individuals and families.

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