M&A Deal Summary

Gallagher Acquires Charter Lakes Marine Insurance Agency

On December 11, 2012, Gallagher acquired insurance company Charter Lakes Marine Insurance Agency

Acquisition Highlights
  • This is Gallagher’s 97th transaction in the Insurance sector.
  • This is Gallagher’s 109th transaction in the United States.
  • This is Gallagher’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2012-12-11
Target Charter Lakes Marine Insurance Agency
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Charter Lakes Marine Insurance Agency

Grand Rapids, Michigan, United States
Charter Lakes Marine Insurance Agency is a retail property/casualty insurance broker, program administrator and managing general agency specializing exclusively in commercial and personal marine insurance products and services.

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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 124 of 549
Sector (Insurance) 97 of 455
Type (Add-on Acquisition) 117 of 519
State (Michigan) 2 of 12
Country (United States) 109 of 411
Year (2012) 31 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-04 Brendis & Brendis

Omaha, Nebraska, United States

Brendis & Brendis Inc. is a provider of employee benefit program consulting services for their employer group clients throughout the Midwest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Western Benefit Solutions

Boise, Idaho, United States

Western Benefit Solutions, LLC is a provider of employee benefit insurance brokerage and consultation services with a focus on group health, life, disability, retirement planning, voluntary benefits, wellness, regulatory compliance and human resource services.

Buy -
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