M&A Deal Summary

Gallagher Acquires Parisco

On April 7, 2021, Gallagher acquired insurance company Parisco from The Benfield Group

Acquisition Highlights
  • This is Gallagher’s 346th transaction in the Insurance sector.
  • This is Gallagher’s 2nd transaction in Norway.

M&A Deal Summary

Date 2021-04-07
Target Parisco
Sector Insurance
Buyer(s) Gallagher
Sellers(s) The Benfield Group
Deal Type Divestiture

Target

Parisco

Oslo, Norway
Parisco is an own and operates as a marine and energy insurance broker. Parisco was founded in 2001 and is based in Oslo, Norway.

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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 417 of 569
Sector (Insurance) 346 of 474
Type (Divestiture) 13 of 20
Country (Norway) 2 of 2
Year (2021) 9 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Terrier Claims

Pleasantville, New York, United States

Terrier Claims is a full-service claims investigation firm dedicated exclusively to insurance defense, third-party administrators, defense attorneys, and government agencies. Terrier Claims was founded in 1996 and is based in Pleasantville, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Mutual Brokers

Canberra, Australia

Mutual Brokers is an independent broker serving a broad cross-section of commercial and small corporate clients in Canberra and the ACT. Mutual Brokers was founded in 1985 and is based in Canberra, Australia

Buy -

Seller(S) 1

SELLER

The Benfield Group

St. Louis, Missouri, United States

Category Company
Founded 1989
Sector Business Services
DESCRIPTION

The Benfield Group is a healthcare consulting firm that offers research, strategy and communication services for their healthcare company and large account clients throughout the United States. They specialize in helping healthcare companies market their value proposition to large employers; conducting consumer, patient and physician research; and providing employers with strategic communications support.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-29 Parisco

Oslo, Norway

Parisco is an own and operates as a marine and energy insurance broker. Parisco was founded in 2001 and is based in Oslo, Norway.

Buy -