M&A Deal Summary

Risk Placement Services Acquires National Insurance Professionals

On November 3, 2003, Risk Placement Services acquired insurance company National Insurance Professionals from Gallagher

Acquisition Highlights
  • This is Risk Placement Services’ 1st transaction in the Insurance sector.
  • This is Risk Placement Services’ 1st transaction in the United States.
  • This is Risk Placement Services’ 1st transaction in Washington.

M&A Deal Summary
Date 2003-11-03
Target National Insurance Professionals
Sector Insurance
Buyer(s) Risk Placement Services
Sellers(s) Gallagher
Deal Type Divestiture

Target

National Insurance Professionals

Poulsbo, Washington, United States
National Insurance Professionals Corp. is a provider of insurance services.

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Buyer(S) 1

Buyer

Risk Placement Services

Itasca, Illinois, United States
Category Company
Founded 1979
Sector Insurance
DESCRIPTION

Risk Placement Services, Inc. is a Managing General Agency with a strong focus on Binding, Programs, Standard Lines Aggregation and Open Brokerage business.

DEAL STATS #
Overall 1 of 8
Sector (Insurance) 1 of 8
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 8
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-20 Leicht General Agency

Houston, Texas, United States

Leicht General Agency is a wholesale insurance broker and managing general agent.

Buy -

Seller(S) 1

SELLER

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 1 of 8
Sector (Insurance) 1 of 7
Type (Divestiture) 1 of 7
State (Washington) 1 of 1
Country (United States) 1 of 7
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-19 Grandy Pratt

Sioux City, Iowa, United States

Grandy Pratt Company is a full-service insurance agencies in Iowa, offering risk management and commercial property/casualty insurance services for their clients located throughout the Midwest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-09 Roberts & Eastland

Baton Rouge, Louisiana, United States

Roberts & Eastland LLC offers risk management and property, casualty, and benefits insurance services.

Buy -
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