Arthur J. Gallagher & Co. has reached a definitive agreement to acquire AssuredPartners for approximately $13.45 billion, marking one of the most significant transactions in the insurance brokerage sector. The deal, which is expected to close in 2025, will be financed through a combination of cash and stock. AssuredPartners, founded in 2011, has rapidly grown to become one of the largest independent insurance brokers in the United States, managing over $1 billion in annual revenue. This acquisition aligns with Gallagher’s strategy to expand its footprint and capabilities in the insurance market. Gallagher CEO, J. Patrick Gallagher, Jr., highlighted the transaction’s potential, stating, ‘This acquisition will enhance our ability to serve our clients while driving meaningful growth.’ The transaction is also noteworthy as it represents an effort to consolidate the insurance brokering industry amid increasing competition and market demands.
Arthur J. Gallagher Announces $13.45 Billion Acquisition of AssuredPartners
