M&A Deal Summary

Gallagher Acquires Powell Insurance Agency

On December 7, 2007, Gallagher acquired insurance company Powell Insurance Agency

Acquisition Highlights
  • This is Gallagher’s 37th transaction in the Insurance sector.
  • This is Gallagher’s 46th transaction in the United States.
  • This is Gallagher’s 4th transaction in Louisiana.

M&A Deal Summary
Date 2007-12-07
Target Powell Insurance Agency
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Powell Insurance Agency

Metairie, Louisiana, United States
Powell Insurance Agency, Inc. is a provider of management, property, casualty and employee benefit insurance services for their commercial and personal lines clients in the Gulf States.

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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 48 of 553
Sector (Insurance) 37 of 459
Type (Add-on Acquisition) 48 of 523
State (Louisiana) 4 of 16
Country (United States) 46 of 415
Year (2007) 19 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-16 Yanni Partners

Pittsburgh, Pennsylvania, United States

Yanni Partners, Inc. is an institutional investment consulting firm offering performance analysis, investment strategy development, defined contribution plan investment consulting, spending policy analysis, and investment manager selection to their clients throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-10 Robert A. Schneider Agency

Minnetonka, Minnesota, United States

Robert A. Schneider Agency, Inc. (RAS) is a managing general agent and wholesale insurance broker which provide excess and surplus, property/casualty, professional business liability and other specialty insurance products and services for independent insurance agents and brokers primarily throughout the northern Midwest.

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