M&A Deal Summary

Gallagher Acquires Insurance Plans Agency

On April 12, 2016, Gallagher acquired insurance company Insurance Plans Agency

Acquisition Highlights
  • This is Gallagher’s 185th transaction in the Insurance sector.
  • This is Gallagher’s 190th transaction in the United States.
  • This is Gallagher’s 18th transaction in Illinois.

M&A Deal Summary
Date 2016-04-12
Target Insurance Plans Agency
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Insurance Plans Agency

South Barrington, Illinois, United States
Insurance Plans Agency, Inc. is a retail insurance broker providing group employee benefits products and consulting services, and commercial property/casualty insurance services, to business and individual clients throughout the 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 234 of 549
Sector (Insurance) 185 of 455
Type (Add-on Acquisition) 219 of 519
State (Illinois) 18 of 38
Country (United States) 190 of 411
Year (2016) 8 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 Charles Allen Agency

Waite Park, Minnesota, United States

Charles Allen Agency, Inc. is a retail insurance broker that provides commercial surety bonding and insurance services to clients throughout the Midwest.

Buy -
FOLLOWING 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 -
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