M&A Deal Summary

Gallagher Acquires Tompkins Insurance Agencies

On November 3, 2025, Gallagher acquired insurance company Tompkins Insurance Agencies from Tompkins Financial for 223M USD

Acquisition Highlights
  • This is Gallagher’s 482nd transaction in the Insurance sector.
  • This is Gallagher’s 13th largest (disclosed) transaction.
  • This is Gallagher’s 430th transaction in the United States.
  • This is Gallagher’s 29th transaction in New York.

M&A Deal Summary

Date 2025-11-03
Target Tompkins Insurance Agencies
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Tompkins Financial
Deal Type Divestiture
Deal Value 223M USD

Target

Tompkins Insurance Agencies

Attica, New York, United States
Tompkins Insurance Agencies is a provider of insurance solutions and products for commercial and individual clients. Tompkins Insurance Agencies was founded in 1875 and is based in Attica, New York.

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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 579 of 581
Sector: Insurance M&A 482 of 483
Type: Divestiture M&A Deals 22 of 22
State: New York M&A 29 of 29
Country: United States M&A 430 of 431
Year: 2025 M&A 24 of 26
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-16 Strategic Services Group

Rochester Hills, Michigan, United States

Strategic Services Group is a privately-held insurance brokerage and consulting firm focused on delivering simplified employee benefit solutions for companies of all sizes. Strategic Services Group is based in Rochester Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-04 Surescape

Denver, Colorado, United States

Surescape provides bonding and construction insurance products for contractors and developers across the United States. Surescape's services include surety bonding, subcontractor default insurance, and commercial coverages such as general liability, builder’s risk, equipment, pollution, and property insurance. Surescape was founded in 2005 and is headquartered in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Tompkins Financial

Ithaca, New York, United States

Category Company
Founded 1836
Sector Financial Services
Employees978
Revenue 295M USD (2024)
DESCRIPTION

Tompkins Financial is a state based financial services holding company with $5 billion in assets, providing community banking, insurance, and wealth management services. Tompkins Financial was founded in 1836 and is based in Ithaca, New York.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 VIST Financial

Wyomissing, Pennsylvania, United States

VIST Financial Corp is a financial services company with $1.4 billion in assets, $1.2 billion in deposits and $960 million in loans. It is parent to VIST Bank, VIST Insurance, and VIST Capital Management. VIST Bank operates as a community bank with 21 branch offices in southeastern Pennsylvania, serving Berks, Montgomery, Philadelphia, Chester, Delaware and Schuylkill Counties.

Buy $84M