M&A Deal Summary

Gallagher Acquires Peabody Insurance

On November 5, 2024, Gallagher acquired insurance company Peabody Insurance

Acquisition Highlights
  • This is Gallagher’s 450th transaction in the Insurance sector.
  • This is Gallagher’s 409th transaction in the United States.
  • This is Gallagher’s 12th transaction in Michigan.

M&A Deal Summary
Date 2024-11-05
Target Peabody Insurance
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Peabody Insurance

Fenton, Michigan, United States
Peabody Insurance is a retail insurance agency serving commercial and personal lines clients primarily in southeast Michigan with specializations in construction, manufacturing, and multifamily real estate. Peabody Insurance was founded in 2013 and is based in Fenton, Michigan.

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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 544 of 553
Sector (Insurance) 450 of 459
Type (Add-on Acquisition) 515 of 523
State (Michigan) 12 of 12
Country (United States) 409 of 415
Year (2024) 28 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Scout

Oklahoma, Oklahoma, United States

Scout specializes in providing strategic health plan consulting for organizations, primarily serving clients in the Oklahoma area. Scout was founded in 2016 and is based in Oklahoma City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-20 First Agency

Kalamazoo, Michigan, United States

First Agency is a broker and managing general agency specialized in offering blanket student and athletic accident insurance coverage, including sports camps/special risk insurance, to colleges and K-12 schools. First Agency was founded in 1959 and is based in Kalamazoo, Michigan.

Sell -
Mergr

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