Add-on Acquisition • Insurance

Gallagher Acquires ITI Solutions Pte

On May 24, 2011, Gallagher acquired insurance company ITI Solutions Pte

Acquisition Context
  • This is Gallagher’s 71st transaction in the Insurance sector.
  • This is Gallagher’s 1st transaction in Singapore.

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M&A Deal Summary

Date May 24, 2011
Target ITI Solutions Pte
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target Company

ITI Solutions Pte

Singapore, Singapore
ITI Solutions Pte Ltd. is a specialist insurance broker with expertise that includes marine cargo, political risk, trade credit risk, and specialty lines.
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Buyer Overview 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 Context for Buyer #
Overall 88 of 581
Sector: Insurance 71 of 483
Type: Add-on Acquisition 83 of 549
Country: Singapore 1 of 1
Year: 2011 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-12 HLG Holdings

London, United Kingdom

HLG Holdings Ltd. engages in the insurance brokerage and employee benefits consultancy services in the United Kingdom.

Buy £97M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Trissel Graham & Toole

Davenport, Iowa, United States

Trissel Graham & Toole, Inc. (TGT) offers risk management, property/casualty and employee benefit insurance services for their commercial and personal lines clients in the central United States. They also specialize in placing coverages for the manufacturing, education, healthcare, construction, municipality, and transportation industries.

Buy -