M&A Deal Summary

The Parker Group Acquires Gallagher Benefit Services

On April 14, 2005, The Parker Group acquired insurance company Gallagher Benefit Services from Gallagher

Acquisition Highlights
  • This is The Parker Group’s 1st transaction in the Insurance sector.
  • This is The Parker Group’s 1st transaction in the United States.
  • This is The Parker Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2005-04-14
Target Gallagher Benefit Services
Sector Insurance
Buyer(s) The Parker Group
Sellers(s) Gallagher
Deal Type Divestiture

Target

Gallagher Benefit Services

Itasca, Illinois, United States
Gallagher Benefit Services engages in commercial insurance and risk management company in the United States. They specialize in health and welfare benefit plan strategy, design, implementation, and administration.

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Buyer(S) 1

Buyer

The Parker Group

Lubbock, Texas, United States

Category Company
Sector Business Services
DESCRIPTION

The Parker Group is a diverse health care management organization. Separate companies provide employee benefit and third party administration, preferred provider organization network services, medical and case management, wellness, and information technology including EDI clearing house, paper to EDI conversion and PPO repricing.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

Gallagher

Rolling Meadows, Illinois, United States

Category Company
Founded 1927
Sector Insurance
Employees56,000
Revenue 11.6B USD (2024)
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 3 of 9
Sector: Insurance M&A 2 of 7
Type: Divestiture M&A Deals 2 of 8
State: Illinois M&A 1 of 2
Country: United States M&A 3 of 8
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-14 Northshore International Insurance Services

Danvers, Massachusetts, United States

Northshore International Insurance Services, Inc. is a provider of medical claims management and auditing services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-29 Chris Schroeder Insurance

Milwaukee, Wisconsin, United States

Chris Schroeder Insurance, Inc. is a property/casualty retail insurance broker offering risk management, commercial, and personal lines insurance services to their Midwest client base.

Buy -