M&A Deal Summary

Gallagher Acquires Ericson Insurance Advisors

On January 31, 2024, Gallagher acquired insurance company Ericson Insurance Advisors

Acquisition Highlights
  • This is Gallagher’s 436th transaction in the Insurance sector.
  • This is Gallagher’s 393rd transaction in the United States.
  • This is Gallagher’s 7th transaction in Connecticut.

M&A Deal Summary

Date 2024-01-31
Target Ericson Insurance Advisors
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Ericson Insurance Advisors

Washington Depot, Connecticut, United States
Ericson Insurance Advisors is a personal lines-focused insurance broker serving high-net-worth clients nationwide. Ericson Insurance Advisors is based in Washington Depot, Connecticut.

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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 522 of 550
Sector (Insurance) 436 of 456
Type (Add-on Acquisition) 493 of 520
State (Connecticut) 7 of 10
Country (United States) 393 of 412
Year (2024) 6 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Horak Insurance

Washington, Iowa, United States

Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines clients. Horak Insurance was founded in 1928 and is based in Washington, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 FarmPLUS Insurance Services

Blairs, Virginia, United States

FarmPLUS Insurance Services is a retail agency providing agricultural and crop insurance coverages in Virginia, North Carolina, and South Carolina.

Buy -