M&A Deal Summary

Gallagher Acquires Group Insurance Associates

On December 20, 2016, Gallagher acquired insurance company Group Insurance Associates

Acquisition Highlights
  • This is Gallagher’s 203rd transaction in the Insurance sector.
  • This is Gallagher’s 205th transaction in the United States.
  • This is Gallagher’s 9th transaction in Louisiana.

M&A Deal Summary
Date 2016-12-20
Target Group Insurance Associates
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Group Insurance Associates

Metairie, Louisiana, United States
Group Insurance Associates, Inc. is an employee benefits insurance broker that provides all lines of group benefit insurance products to small and middle-market businesses and individual clients throughout the United States. They specialize in health, life, dental and disability coverages. Wayne Landwerlin, Glenn Hayes and their team will continue to operate from their current location under the direction of John Neumaier, head of Gallagher's South Central employee benefit consulting and brokerage operations.

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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 253 of 550
Sector (Insurance) 203 of 456
Type (Add-on Acquisition) 238 of 520
State (Louisiana) 9 of 16
Country (United States) 205 of 412
Year (2016) 27 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-16 National Ethics Bureau

San Diego, United States

National Ethics Bureau, Inc. (dba National Ethics Association) is a national program administrator that provides insurance products and services for its association members throughout the United States. It specializes in errors and omissions insurance coverage for business professionals such as insurance agents, investment advisors, real estate agents, tax preparers and bookkeepers. It also offers its members a variety of other association-sponsored products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Complete Financial Balance Pty

Herston, Australia

Complete Financial Balance Pty Ltd. is a financial services advisory firm that offers wealth management and employee benefits consulting services to business professionals and individuals.

Buy -
Mergr

Product

Company

Legal