M&A Deal Summary

Gallagher Acquires Fidelity Benefits & Insurance Services

On February 12, 2009, Gallagher acquired insurance company Fidelity Benefits & Insurance Services

Acquisition Highlights
  • This is Gallagher’s 48th transaction in the Insurance sector.
  • This is Gallagher’s 57th transaction in the United States.
  • This is Gallagher’s 5th transaction in Texas.

M&A Deal Summary

Date 2009-02-12
Target Fidelity Benefits & Insurance Services
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Fidelity Benefits & Insurance Services

Waco, Texas, United States
Fidelity Benefits & Insurance Services (FBIS) is an employee benefits consultant and insurance broker offering a broad range of employee benefits insurance and consulting services to their Texas clients

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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 61 of 569
Sector (Insurance) 48 of 474
Type (Add-on Acquisition) 59 of 539
State (Texas) 5 of 32
Country (United States) 57 of 423
Year (2009) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-06 PartnerSource

Dallas, Texas, United States

PartnerSource, Inc. is a retail insurance broker and consultant specializing in the design, implementation and ongoing support for nonsubscription programs, an alternative for Texas workers compensation, for their clients with operations in Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-08 Sellers Group

The Woodlands, Texas, United States

Sellers Group LLC is an employee benefit broker that offers a full range of group employee benefit products and consulting services. They specialize in providing health care insurance, benefit plan administration, group benefits planning, retirement benefits, and business succession and funding strategies for their small to large client partners in the south central United States.

Buy -