M&A Deal Summary

Gallagher Acquires Cain Insurance Services

On January 7, 2021, Gallagher acquired insurance company Cain Insurance Services

Acquisition Highlights
  • This is Gallagher’s 339th transaction in the Insurance sector.
  • This is Gallagher’s 23rd transaction in Canada.
  • This is Gallagher’s 2nd transaction in New Brunswick.

M&A Deal Summary
Date 2021-01-07
Target Cain Insurance Services
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Cain Insurance Services

Fredericton, New Brunswick, Canada
Cain Insurance Services Ltd. is a retail property/casualty broker offering commercial and personal insurance. Cain Insurance Services was founded in 1986 and is based in Fredericton, New Brunswick.

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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 410 of 543
Sector (Insurance) 339 of 449
Type (Add-on Acquisition) 388 of 514
State (New Brunswick) 2 of 2
Country (Canada) 23 of 28
Year (2021) 2 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Ashton Tiffany

Phoenix, Arizona, United States

Ashton Tiffany LLC is a full-service risk program administrator serving clients throughout the state of Arizona. The team specializes in developing and managing public entity risk pools. Ashton Tiffany was founded in 1995 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Bollington Insurance Brokers

Adlington, United Kingdom

Bollington was founded in 1973 as a local community broker and has since grown organically and through acquisitions to become a sizeable broker specializing in mid-market commercial, niche lines, and SME & micro-SME businesses as well as personal lines. The business is based in the North West of England, operates seven offices and employs 420 risk professionals, and has over 230,000 customers.

Buy -
Mergr

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