Arthur J. Gallagher & Co. has announced its acquisition of AssuredPartners for $13.45 billion in a bid to strengthen its position in the insurance brokerage market. This strategic purchase will expand Gallagher’s footprint, particularly in the middle-market property and casualty sector, as it targets growth across the United States. The deal, one of the largest in the industry, underlines Gallagher's aggressive expansion strategy.
Founded in 2011 and headquartered in Florida, AssuredPartners has built a reputation for acquiring and investing in insurance brokerages across the U.S. and U.K. It is known for its focus on employee benefits and risk management services. The acquisition aligns with Gallagher’s aim of broadening its portfolio and leveraging AssuredPartners’ established client base and expertise.
Gallagher’s CEO Patrick Gallagher Jr. expressed optimism about the deal, citing its potential to deliver substantial value for shareholders. He highlighted the complementary strengths of the two companies and their shared commitment to innovation and client service. The merger is expected to generate significant synergies and accelerate Gallagher’s growth trajectory.
The insurance sector has seen a wave of consolidations recently as firms seek to scale operations and enhance service offerings amid stiff competition. With AssuredPartners achieving an EBITDA of approximately $850 million, the acquisition positions Gallagher as a dominant player capable of driving substantial market influence.
The deal is pending regulatory approval, but analysts believe it will solidify Gallagher’s competitive edge. As the industry grapples with digital transformation and evolving client demands, this acquisition could set a benchmark for future strategic mergers in the insurance brokerage space.
