M&A Deal Summary

Gallagher Acquires Bollinger

On August 12, 2013, Gallagher acquired insurance company Bollinger from Evercore Capital Partners, Apogem Capital and AEA Investors for 277M USD

Acquisition Highlights
  • This is Gallagher’s 107th transaction in the Insurance sector.
  • This is Gallagher’s 11th largest (disclosed) transaction.
  • This is Gallagher’s 123rd transaction in the United States.
  • This is Gallagher’s 7th transaction in New Jersey.

M&A Deal Summary

Date 2013-08-12
Target Bollinger
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Evercore Capital Partners
Apogem Capital
AEA Investors
Deal Type Add-on Acquisition
Deal Value 277M USD

Target

Bollinger

Short Hills, New Jersey, United States
Bollinger, Inc. is a provider of insurance service and products placing over $1 billion in insurance premiums into the marketplace annually. The firm's business spans retail property and casualty insurance placement; wholesale brokerage and program management; and employee benefits brokerage and consultancy.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 140 of 553
Sector (Insurance) 107 of 459
Type (Add-on Acquisition) 131 of 523
State (New Jersey) 7 of 19
Country (United States) 123 of 415
Year (2013) 11 of 26
Size (of disclosed) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-10 D&E Benefits Solutions

Albany, New York, United States

D&E Benefits Solutions LLC is a provider of employee benefits consulting and brokerage services for companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Dickinson & Associates Inc

Ottawa, Ontario, Canada

Dickinson & Associates is an employee benefits insurance broker and consultant that offers a full range of group employee benefits products and consulting services to their business and individual clients throughout Canada.

Buy -

Seller(S) 3

SELLER

Evercore Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1996
Size Large
Type Sector Agnostic
DESCRIPTION

Evercore Capital Partners (ECP) is the private equity arm of investment bank Evercore Partners. ECP is part of Evercore's Investment Management division which also consists of Evercore Ventures, Evercore Asset Management, and Protego Asesores, a Mexico focused private equity fund launched jointly with Discovery Capital Partners. ECP seeks investments in middle-market businesses valued greater than $50 million. ECP looks for value situations with post-investment upside, and will consider opportunities in a variety of industries. Evercore was founded in 1996 and is based in New York City.


DEAL STATS #
Overall 6 of 9
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 6 of 9
Year (2013) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-23 TestEquity

Moorpark, California, United States

TestEquity is a distributor of electronic test and measurement equipment as well as laboratory and production supplies. TestEquity was founded in 1971 and is based in Moorpark, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Alliantgroup

Houston, Texas, United States

Alliantgroup provides complex tax consulting services to U.S. companies to help them identify, calculate and claim various state, local and federal tax credits on their business tax returns. Alliant is the leader in the $10 billion Research & Development tax credit vertical, which is just one niche within a market of over 7,000 available tax credits. Alliantgroup was founded in 2001 and is based in Houston, Texas.

Buy -
SELLER

Apogem Capital

Chicago, Illinois, United States

Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


DEAL STATS #
Overall 11 of 52
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 5 of 21
State (New Jersey) 2 of 6
Country (United States) 11 of 52
Year (2013) 2 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-08 Champion

Ocala, Florida, United States

Champion is a designer and manufacturer of seating products for the healthcare market. Champion's product portfolio primarily consists of highly engineered medical recliners sold to outpatient, post-acute medical facilities for treatments such as hemodialysis, where patient comfort is of critical importance. Champion was founded in 1992 and is based in Ocala, Florida.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Polyform Products

Elk Grove Village, Illinois, United States

Polyform Products is a developer, manufacturer, and marketer of polymer clay products worldwide. Polyform Products was founded in 1967 and is based in Elk Grove Village, Illinois.

Buy -
SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 28 of 79
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 12 of 26
State (New Jersey) 2 of 4
Country (United States) 25 of 71
Year (2013) 2 of 4
Size (of disclosed) 15 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-06 Brand Networks

St. Paul, Minnesota, United States

Brand Networks offers social software solutions and digital marketing services for the world’s most liked brands. Brand Networks delivers enterprise-ready social applications with its Social Marketing Stack, which harnesses the integrated power of social networks to generate stories at scale, build brand loyalty and foster more profitable customer relationships. Brand Networks is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of beautiful, low-maintenance residential and commercial building products, and is committed to accelerating the use of recyclable materials. The company is completely focused on leveraging our expertise in materials science and its customer-centric approach to engineer and manufacture the most beautiful, most sustainable building products to improve the lives and businesses of our customers. AZEK is based in Chicago, Illinois.

Sell -