M&A Deal Summary

Gallagher Acquires Hughes Insurance

On November 21, 2023, Gallagher acquired insurance company Hughes Insurance

Acquisition Highlights
  • This is Gallagher’s 430th transaction in the Insurance sector.
  • This is Gallagher’s 389th transaction in the United States.
  • This is Gallagher’s 25th transaction in New York.

M&A Deal Summary
Date 2023-11-21
Target Hughes Insurance
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Hughes Insurance

Queensbury, New York, United States
Hughes Insurance provides comprehensive commercial, personal, and life & health insurance services to independent businesses and individuals in the Northeastern United States. Hughes Insurance was founded in 1962 and is based in Queensbury, New York.

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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 515 of 550
Sector (Insurance) 430 of 456
Type (Add-on Acquisition) 486 of 520
State (New York) 25 of 26
Country (United States) 389 of 412
Year (2023) 37 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Coverys - Retail Agency Business

East Lansing, Michigan, United States

Coverys' Retail Agency Business provides insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Hunt Insurance Group

Palos Heights, Illinois, United States

Hunt Insurance Group is a retail property/casualty agency specializing in labor unions and their associated benefit funds across the Midwest. Hunt Insurance Group was founded in 1957 and is based in Palos Heights, Illinois.

Buy -
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