M&A Deal Summary

A-G Specialty Insurance Acquires First Agency

On November 20, 2024, A-G Specialty Insurance acquired insurance company First Agency from Gallagher

Acquisition Highlights
  • This is A-G Specialty Insurance’s 2nd transaction in the Insurance sector.
  • This is A-G Specialty Insurance’s 2nd transaction in the United States.
  • This is A-G Specialty Insurance’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-11-20
Target First Agency
Sector Insurance
Buyer(s) A-G Specialty Insurance
Sellers(s) Gallagher
Deal Type Divestiture

Target

First Agency

Kalamazoo, Michigan, United States
First Agency is a broker and managing general agency specialized in offering blanket student and athletic accident insurance coverage, including sports camps/special risk insurance, to colleges and K-12 schools. First Agency was founded in 1959 and is based in Kalamazoo, Michigan.

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Buyer(S) 1

Buyer

A-G Specialty Insurance

Berwyn, Pennsylvania, United States
Category Company
Founded 1983
Sector Insurance
DESCRIPTION

A-G Specialty Insurance provides tailored insurance solutions across niche industries. A-G Specialty Insurance was formed in 1983 and is headquartered in Berwyn, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-19 eSportsInsurance

Lilburn, Georgia, United States

eSportsInsurance is a provider of insurance products specifically designed for amateur youth and adult sports nationwide. eSportsInsurance was formed in 1999 and is headquartered in Lilburn, Georgia.

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 8 of 8
Sector (Insurance) 7 of 7
Type (Divestiture) 7 of 7
State (Michigan) 2 of 2
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Peabody Insurance

Fenton, Michigan, United States

Peabody Insurance is a retail insurance agency serving commercial and personal lines clients primarily in southeast Michigan with specializations in construction, manufacturing, and multifamily real estate. Peabody Insurance was founded in 2013 and is based in Fenton, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 THB Chile

Santiago, Chile

THB Chile is a retail insurance broker providing property/casualty, life and health benefits, and reinsurance services. THB Chile was formed in 2000 and is headquartered in Santiago, Chile.

Buy -
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