M&A Deal Summary

Gallagher Acquires Alpha Surety

On September 30, 2021, Gallagher acquired business services company Alpha Surety

Acquisition Highlights
  • This is Gallagher’s 63rd transaction in the Business Services sector.
  • This is Gallagher’s 329th transaction in the United States.
  • This is Gallagher’s 2nd transaction in Arkansas.

M&A Deal Summary
Date 2021-09-30
Target Alpha Surety
Sector Business Services
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Alpha Surety

Little Rock, Arkansas, United States
Alpha Surety focuses primarily on selling direct and wholesale commercial surety bonds in key industry sectors, including money transmitters, cryptocurrency, professional employer organizations, debt managers, mortgage/finance lenders, fundraisers and others. Alpha Surety was founded in 2002 and is based in Little Rock, Arkansas.

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Buyer(S) 1

Buyer

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 430 of 545
Sector (Business Services) 63 of 79
Type (Add-on Acquisition) 405 of 515
State (Arkansas) 2 of 3
Country (United States) 329 of 409
Year (2021) 22 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Files Agribusiness

Bastrop, Louisiana, United States

Files Agribusiness is a retail insurance agency that specializes in offering Federal Crop Insurance, agribusiness property/casualty, and agricultural aviation coverages to clients primarily in the states of Louisiana, Arkansas, and Mississippi. Files Agribusiness was founded in 2010 and is based in Bastrop, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Briat Insurance

Grand Cayman, Channel Islands

Briat Insurance is a retail insurance broker offering commercial, professional, homeowners and health insurance coverages to businesses and individuals with a footprint in the Cayman Islands. Briat Insurance was founded in 2012 and is based in Grand Cayman.

Buy -
Mergr

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