Arthur J. Gallagher to buy AssuredPartners in $13.45 billion deal

(Reuters) -Arthur J. Gallagher said on Monday it has agreed to acquire insurance broker AssuredPartners in a $13.45 billion deal, as it looks to bolster its presence in the vast and fast-growing middle-market segment.

Gallagher follows in the footsteps of rival insurance brokers Aon (NYSE:AON ) and Marsh McLennan (NYSE:MMC ), which have struck big deals over the last 12 months to expand their foothold in the middle-market insurance business.

The middle-market insurance business provides services designed for mid-sized firms that make between $10 million and $1 billion in annual revenue.

Gallagher expects to finance the deal — likely to close during the first quarter of 2025 — through a mix of cash, debt and equity.

Orlando, Florida-based AssuredPartners was founded in 2011 by private equity firm GTCR. Since then, the company has become one of the largest insurance brokers in the United States.



GTCR sold the company to Apax (HN:IBC ) Partners in 2015. But again in 2019, an investor group led by GTCR agreed to acquire AssuredPartners from Apax, which held a minority stake in the company.

Last year, Gallagher acquired Cadence Bank's insurance brokerage unit for $904 million.

Source: Investing.com

Publicații recente
Oklo target nearly doubled at Wedbush on AI-driven demand for nuclear energy
24.01.2025 - 18:00
Crypto markets lose steam after Trump's first policy move
24.01.2025 - 18:00
Combination of Google's TPU-DeepMind units may be worth $700 bn - DA Davidson
24.01.2025 - 18:00
British American Tobacco, Altria shares rise after menthol ban proposal dropped
24.01.2025 - 18:00
Morocco stocks higher at close of trade; Moroccan All Shares up 0.34%
24.01.2025 - 18:00
Commerzbank says no talks with UniCredit until specific proposal made
24.01.2025 - 18:00
Venture Global aims for $64 billion valuation at debut in test for energy IPOs
24.01.2025 - 18:00
Intuitive Machines stock surges on NASA contract award
24.01.2025 - 18:00
International Paper's $7.2 billion acquisition of DS Smith gets EU approval
24.01.2025 - 18:00
Short-term stock optimism soars among retail investors, AAII survey shows
24.01.2025 - 18:00
Venture Global shares likely to open up to 6% above IPO price
24.01.2025 - 18:00
Intuitive Surgical, American Express Stir Friday's Market Cap Stock Movers
24.01.2025 - 18:00
BMW joins Chinese EV makers in filing EU court challenge to tariffs
24.01.2025 - 18:00
Turkey stocks lower at close of trade; BIST 100 down 0.08%
24.01.2025 - 18:00
Diageo stock jumps on possible Guinness sale
24.01.2025 - 18:00

© Analytic DC. All Rights Reserved.

new
Analiza pieței Cum va afecta raportul NFP de mâine cursul de schimb al dolarului american?