Arthur J. Gallagher & Co. Finalizes Acquisition of AssuredPartners, Enhancing Global Presence and Expertise
Reuters
Aug 18
Arthur J. Gallagher & Co. Finalizes Acquisition of AssuredPartners, Enhancing Global Presence and Expertise
Arthur J. Gallagher & Co. has announced the completion of its acquisition of AssuredPartners. This significant transaction, which was previously announced, brings together two companies with strong, entrepreneurial cultures focused on client service and growth. J. Patrick Gallagher, Jr., Chairman and CEO, expressed excitement about the merger, highlighting the potential to enhance their insurance and risk management offerings through combined expertise and resources. The acquisition is expected to benefit Gallagher's operations in the U.K. and Ireland, while also offering new opportunities for its wholesale, reinsurance, and claims management businesses. The transaction was financed through equity and debt, with equity awards granted to former AssuredPartners employees to support their retention as they transition to Gallagher.
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