M&A Deal Summary

Gallagher Acquires Evans Agency

On November 7, 2023, Gallagher acquired insurance company Evans Agency from Evans Bancorp

Acquisition Highlights
  • This is Gallagher’s 426th transaction in the Insurance sector.
  • This is Gallagher’s 386th transaction in the United States.
  • This is Gallagher’s 24th transaction in New York.

M&A Deal Summary
Date 2023-11-07
Target Evans Agency
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Evans Bancorp
Deal Type Divestiture

Target

Evans Agency

Williamsville, New York, United States
Evans Agency is a commercial property/casualty insurance broker with public entity and scholastic expertise, serving clients throughout Western New York. Evans Agency is based in Williamsville, New York.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 511 of 550
Sector (Insurance) 426 of 456
Type (Divestiture) 18 of 20
State (New York) 24 of 26
Country (United States) 386 of 412
Year (2023) 33 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 Keaney Insurance Brokers

Dublin, Ireland

Keaney Insurance Brokers is a commercial insurance broker that supports businesses across Ireland with insurance and risk management solutions. Keaney Insurance Brokers was founded in 1993 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 WDK Benefits

Farmington, Connecticut, United States

WDK Benefits is an employee benefits agency specializing in health and welfare for businesses throughout New England. WDK Benefits is based in Farmington, Connecticut.

Buy -

Seller(S) 1

SELLER

Evans Bancorp

Hamburg, New York, United States
Category Company
Founded 1920
Sector Financial Services
Employees241
Revenue 44M USD (2013)
DESCRIPTION

Evans Bank, National Association operates as a commercial bank.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Fairport Savings Bank

Fairport, New York, United States

FSB Bancorp, Inc. is the bank holding company of Fairport Savings Bank, a New York chartered savings bank headquartered in Fairport, New York. The bank has five branches in the Greater Rochester area and three mortgage offices located in Rochester, Buffalo, and Watertown.

Buy $35M
Mergr

Product

Company

Legal