M&A Deal Summary

Gallagher Acquires Bernard Benefits

On May 30, 2023, Gallagher acquired insurance company Bernard Benefits

Acquisition Highlights
  • This is Gallagher’s 411th transaction in the Insurance sector.
  • This is Gallagher’s 373rd transaction in the United States.
  • This is Gallagher’s 5th transaction in Tennessee.

M&A Deal Summary
Date 2023-05-30
Target Bernard Benefits
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Bernard Benefits

Nashville, Tennessee, United States
Bernard Benefits is a health and employee benefits brokerage firm with a focus on small group businesses in Tennessee, Indiana, and Texas. Bernard Healthcare Financial Planning advises individuals and families on health insurance coverage. Bernard Benefits was founded in 2006 and is based in Nashville, Tennessee.

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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 495 of 550
Sector (Insurance) 411 of 456
Type (Add-on Acquisition) 469 of 520
State (Tennessee) 5 of 5
Country (United States) 373 of 412
Year (2023) 17 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 IBKB

Altamonte Springs, Florida, United States

IBKB is a retail insurance broker specializing in the construction and swimming pool industries. IBKB was founded in 1974 and is based in Altamonte Springs, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Andersen Group

Chantilly, Virginia, United States

Andersen Group is a retail insurance agency serving non-profit trade associations, government contractors and engineering services companies. Andersen Group is based in Chantilly, Virginia.

Buy -
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