M&A Deal Summary

Gallagher Acquires Durham & Bates

On December 19, 2024, Gallagher acquired insurance company Durham & Bates

Acquisition Highlights
  • This is Gallagher’s 459th transaction in the Insurance sector.
  • This is Gallagher’s 415th transaction in the United States.
  • This is Gallagher’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2024-12-19
Target Durham & Bates
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Durham & Bates

Portland, Oregon, United States
Durham & Bates is a full-service insurance broker providing property/casualty, marine and employee benefits services to clients in the Pacific Northwest. Durham & Bates is based in Portland, Oregon.

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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 553 of 555
Sector (Insurance) 459 of 461
Type (Add-on Acquisition) 523 of 525
State (Oregon) 2 of 2
Country (United States) 415 of 417
Year (2024) 37 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 DMc Insurance Partners

Austin, Texas, United States

DMc Insurance Partners is a personal lines-focused insurance agency serving individuals and small business owners in Austin. DMc Insurance Partners is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-26 Afina Insurance

Oakbrook Terrace, Illinois, United States

Afina Insurance is a property/casualty insurance broker serving clients in greater Chicago. Afina Insurance is based in Oakbrook Terrace, Illinois.

Buy -
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