Add-on Acquisition • Insurance

Gallagher Acquires Nourse Insurance Brokers

On May 18, 2009, Gallagher acquired insurance company Nourse Insurance Brokers

Acquisition Context
  • This is Gallagher’s 50th transaction in the Insurance sector.
  • This is Gallagher’s 59th transaction in the United States.
  • This is Gallagher’s 5th transaction in California.

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M&A Deal Summary

Date May 18, 2009
Target Nourse Insurance Brokers
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target Company

Nourse Insurance Brokers

Walnut Creek, California, United States
Nourse Insurance Brokers Inc. is a retail insurance broker offering personal and commercial property/casualty insurance products and services to their clients throughout the Western United States.
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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 63 of 581
Sector: Insurance 50 of 483
Type: Add-on Acquisition 61 of 549
State: California 5 of 53
Country: United States 59 of 431
Year: 2009 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-08 Sellers Group

The Woodlands, Texas, United States

Sellers Group LLC is an employee benefit broker that offers a full range of group employee benefit products and consulting services. They specialize in providing health care insurance, benefit plan administration, group benefits planning, retirement benefits, and business succession and funding strategies for their small to large client partners in the south central United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-10 Walker Taylor Agency

Wilmington, North Carolina, United States

Walker Taylor Agency, Inc. is a retail insurance broker offering risk management and property/casualty insurance services to their mid-to-large commercial and personal clients throughout the United States.

Buy -