M&A Deal Summary

Gallagher Acquires McLean Insurance Agency

On March 25, 2019, Gallagher acquired insurance company McLean Insurance Agency

Acquisition Highlights
  • This is Gallagher’s 291st transaction in the Insurance sector.
  • This is Gallagher’s 278th transaction in the United States.
  • This is Gallagher’s 3rd transaction in Virginia.

M&A Deal Summary

Date 2019-03-25
Target McLean Insurance Agency
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

McLean Insurance Agency

Potomac Falls, Virginia, United States
McLean Insurance Agency, Inc. offers retail property/casualty, life, and employee benefits brokerage and consulting services to businesses and individuals throughout the Eastern United States.

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Buyer(S) 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 STATS #
Overall 350 of 581
Sector: Insurance M&A 291 of 483
Type: Add-on Acquisition M&A Deals 332 of 549
State: Virginia M&A 3 of 5
Country: United States M&A 278 of 431
Year: 2019 M&A 14 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 First Iowa Insurance Agency

Cedar Rapids, Iowa, United States

Hammerberg Insurance Services, Inc. provides commercial and personal property/casualty insurance, group and individual health, and individual life coverage and services to clients throughout Iowa and the Central United States. First Iowa Insurance also provides commercial safety, loss control and OSHA compliance consulting services. Hammerberg Insurance Services, Inc. was founded in 1912 and is based in Cedar Rapids, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Keyser Benefits

Calgary, Alberta, Canada

Keyser Benefits Corp. is a full-service benefits brokerage offering life, disability, health and dental, critical illness, retirement, and other services to small to mid-sized businesses and individuals across Western Canada.

Buy -