M&A Deal Summary

Gallagher Acquires EIBL

On July 1, 2021, Gallagher acquired insurance company EIBL from Edelweiss Financial Services

Acquisition Highlights
  • This is Gallagher’s 352nd transaction in the Insurance sector.
  • This is Gallagher’s 1st transaction in India.

M&A Deal Summary

Date 2021-07-01
Target EIBL
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Edelweiss Financial Services
Deal Type Divestiture

Target

EIBL

Mumbai, India
EIBL is an insurance/reinsurance broker offering general insurance solutions to clients across India within four business lines – corporate, affinity & association, reinsurance & global, and digital solutions. Key industry niches include cement, retail, pharmaceuticals & life sciences, jewellery, financial services, property, construction and infrastructure. EIBL is based in Mumbai, India.

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Buyer(S) 1

Buyer

Gallagher

Rolling Meadows, Illinois, United States

Category Company
Founded 1927
Sector Insurance
Employees56,000
Revenue 11.6B USD (2024)
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 424 of 581
Sector: Insurance M&A 352 of 483
Type: Divestiture M&A Deals 14 of 22
Country: India M&A 1 of 1
Year: 2021 M&A 16 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Stellar Benefits Group

Solon, Ohio, United States

Stellar Benefits Group is a full-service employee benefits consulting firm offering comprehensive health and welfare programs for businesses of all sizes, ranging from individual offices to multinational corporations. Stellar Benefits Group was founded in 2003 and is based in Solon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 R.J. Riordan

Oakbrook, Illinois, United States

R.J. Riordan is a retail property/casualty broker offering a full range of insurance products and services to clients across the Chicago region. The team specializes in serving clients in the construction and transportation industries. R.J. Riordan is based in Oakbrook, Illinois.

Buy -

Seller(S) 1

SELLER

Edelweiss Financial Services

Mumbai, India

Category Company
Founded 1995
Sector Financial Services
Employees6,000
Revenue 56.6B INR (2025)
DESCRIPTION

Edelweiss Financial Services is an Indian domestic brokerage house and is fast emerging as a diversified financial services conglomerate. Edelweiss Financial Services was founded in 1995 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2021 M&A 1 of 1