M&A Deal Summary

Gallagher Acquires Southern Insurance Group

On September 11, 2023, Gallagher acquired insurance company Southern Insurance Group

Acquisition Highlights
  • This is Gallagher’s 417th transaction in the Insurance sector.
  • This is Gallagher’s 378th transaction in the United States.
  • This is Gallagher’s 5th transaction in Mississippi.

M&A Deal Summary
Date 2023-09-11
Target Southern Insurance Group
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Southern Insurance Group

Columbia, Mississippi, United States
Southern Insurance Group provides commercial and personal property/casualty insurance coverages to clients in Mississippi and the Southeast US. Southern Insurance Group is based in Columbia, Mississippi.

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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 502 of 549
Sector (Insurance) 417 of 455
Type (Add-on Acquisition) 476 of 519
State (Mississippi) 5 of 6
Country (United States) 378 of 411
Year (2023) 24 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Lifesure Insurance Broker

Cambs, United Kingdom

Lifesure Insurance Broker provides personal lines insurance broking services in the vacation/holiday and leisure industry, with products including park home, motorhome, caravan and leisure home insurance. Lifesure Insurance Broker is based in Cambs, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Morgan Trevathan & Gunn

Benton, Kentucky, United States

Morgan, Trevathan & Gunn is a retail insurance broker specializing in the trucking industry. MTG was founded in 1934 and is based in Benton, Kentucky.

Buy -
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