M&A Deal Summary

Gallagher Acquires Hagan Newkirk Financial Services

On May 2, 2016, Gallagher acquired insurance company Hagan Newkirk Financial Services

Acquisition Highlights
  • This is Gallagher’s 187th transaction in the Insurance sector.
  • This is Gallagher’s 192nd transaction in the United States.
  • This is Gallagher’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2016-05-02
Target Hagan Newkirk Financial Services
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Hagan Newkirk Financial Services

Little Rock, Arkansas, United States
Hagan Newkirk Financial Services is a retail insurance broker offering employee benefit consultation and insurance brokerage services for clients throughout the southern and central United States.

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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 236 of 549
Sector (Insurance) 187 of 455
Type (Add-on Acquisition) 221 of 519
State (Arkansas) 1 of 3
Country (United States) 192 of 411
Year (2016) 10 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 KDC Associates

Las Vegas, Nevada, United States

KDC Associates LLC is a managing general agent and program manager which provides admitted and excess and surplus, property/casualty and other specialty insurance products and services to independent retail insurance broker clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-06 B.R. Rhymer Insurance Agencies

Winnipeg, Manitoba, Canada

B.R. Rhymer Insurance Agencies Ltd. is a personal and commercial lines broker. B.R. Rhymer brings complementary specialisms in automotive and homeowners insurance to Gallagher's existing Canadian operations, as well as expertise in providing personal insurance coverage.

Buy -
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