M&A Deal Summary

Gallagher Acquires THB Chile

On November 21, 2024, Gallagher acquired insurance company THB Chile from AmWINS

Acquisition Highlights
  • This is Gallagher’s 451st transaction in the Insurance sector.
  • This is Gallagher’s 1st transaction in Chile.

M&A Deal Summary

Date 2024-11-21
Target THB Chile
Sector Insurance
Buyer(s) Gallagher
Sellers(s) AmWINS
Deal Type Divestiture

Target

THB Chile

Santiago, Chile
THB Chile is a retail insurance broker providing property/casualty, life and health benefits, and reinsurance services. THB Chile was formed in 2000 and is headquartered in Santiago, Chile.

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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 545 of 566
Sector (Insurance) 451 of 471
Type (Divestiture) 20 of 20
Country (Chile) 1 of 1
Year (2024) 29 of 39
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-26 Shepard Insurance Group

Old Greenwich, Connecticut, United States

Shepard Insurance Group is a retail insurance broker specializing in serving high-net-worth clients in the Northeast US and Florida. Shepard Insurance Group was formed in 1979 and is based in Old Greenwich, Connecticut.

Buy -

Seller(S) 1

SELLER

AmWINS

Charlotte, North Carolina, United States

Category Company
Founded 1998
Sector Insurance
DESCRIPTION

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 2 of 2
Country (Chile) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Kilpatrick

Houston, Texas, United States

Kilpatrick is a general agency specializing in employee and individual benefits. Kilpatrick was formed in 1972 and is headquartered in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-02 Superior Underwriters

Bellevue, Washington, United States

Superior Underwriters is a managing general agency (MGA) focused on commercial lines, personal lines, and transportation business. Superior Underwriters was formed in 1928 and is based in Bellevue, Washington.

Buy -