M&A Deal Summary

Gallagher Acquires Ace IRM Insurance Broking Group Pty

On February 28, 2017, Gallagher acquired insurance company Ace IRM Insurance Broking Group Pty

Acquisition Highlights
  • This is Gallagher’s 211th transaction in the Insurance sector.
  • This is Gallagher’s 11th transaction in Australia.

M&A Deal Summary

Date 2017-02-28
Target Ace IRM Insurance Broking Group Pty
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Ace IRM Insurance Broking Group Pty

Beenleigh, Australia
Ace IRM Insurance Broking Group Pty Ltd. is a retail insurance broker providing general commercial and personal lines broking services to clients throughout Australia. They also specialize in insurance coverages for strata management, veterinary services and the commercial, industrial and hotel/hospitality industries.

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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 263 of 581
Sector: Insurance M&A 211 of 483
Type: Add-on Acquisition M&A Deals 248 of 549
Country: Australia M&A 11 of 33
Year: 2017 M&A 10 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Kelly Financial

Madison, Wisconsin, United States

Kelly Financial, Inc. is a provider of retirement plan management, wealth management and life insurance coverages to businesses and individuals throughout the state of Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Nicoud Insurance Services

Springfield, Illinois, United States

Nicoud Insurance Services is a property/casualty broker and employee benefit consultant providing a broad range of coverages and services to commercial and personal clients across the central United States, with a focus on financial institutions, senior care/healthcare providers and automotive service providers.

Buy -