M&A Deal Summary

Gallagher Acquires Statewide Commercial Insurance Brokers

On November 4, 2024, Gallagher acquired insurance company Statewide Commercial Insurance Brokers

Acquisition Highlights
  • This is Gallagher’s 449th transaction in the Insurance sector.
  • This is Gallagher’s 408th transaction in the United States.
  • This is Gallagher’s 51st transaction in California.

M&A Deal Summary

Date 2024-11-04
Target Statewide Commercial Insurance Brokers
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Statewide Commercial Insurance Brokers

Altadena, California, United States
Statewide Commercial Insurance Brokers is a retail property/casualty insurance agency specializing in construction contractors for commercial clients in California and several other U.S. states. Statewide Commercial Insurance Brokers is based in Altadena, California.

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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 543 of 550
Sector (Insurance) 449 of 456
Type (Add-on Acquisition) 514 of 520
State (California) 51 of 51
Country (United States) 408 of 412
Year (2024) 27 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Scout

Oklahoma, Oklahoma, United States

Scout specializes in providing strategic health plan consulting for organizations, primarily serving clients in the Oklahoma area. Scout was founded in 2016 and is based in Oklahoma City.

Buy -
FOLLOWING 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 -