ROLLING MEADOWS, Ill. — Arthur J. Gallagher & Co. (NYSE: AJG) (“Gallagher”) today announced it has closed the previously announced acquisition of AssuredPartners (the “Transaction”).
“I am extremely excited to welcome our new colleagues to Gallagher,” said J. Patrick Gallagher, Jr., Chairman and CEO. “Together, we will further build upon our client-centric, entrepreneurial cultures and utilize our product and industry expertise, extensive data, innovative analytical tools, outstanding service, and broad product offerings to provide our clients with the very best insurance and risk management solutions. I am confident the combination will deliver tremendous value to our clients and our shareholders.”
AssuredPartners is a leading U.S. insurance broker with client capabilities across commercial property/casualty, specialty, employee benefits and personal lines. AssuredPartners serves a wide range of customers including commercial, public entity and individuals, through offices located across the U.S., the U.K. and Ireland.
Benefits of the Transaction are expected to include:
- Further expanding Gallagher’s retail middle-market property/casualty and employee benefits focus across the U.S.
- Building on new business opportunities by utilizing Gallagher’s expertise, data and analytics and expansive product offerings
- Deepening Gallagher’s capabilities across multiple niche practice groups, including Transportation, Energy, Healthcare, Government Contractors and Public Entity
- Expanding the reach of Gallagher’s tuck-in M&A strategy
- Creating opportunities for Gallagher’s wholesale, reinsurance and claims management businesses
- Adding scale, expertise and talent to Gallagher in the U.K. and Ireland
- Combining two highly compatible entrepreneurial, sales-based cultures, embedded in local communities and focused on growth and client service
- Adding highly seasoned, experienced and proven insurance industry leaders to the Gallagher team
- Financially attractive, with estimated double digit adjusted EPS accretion including the impact of synergies
Gallagher financed the Transaction with net proceeds from previously disclosed equity and debt financing transactions.
The Compensation Committee of the Board of Directors approved the grant of equity awards in connection with the closing of the Transaction in reliance on the employment inducement awards exemption under the NYSE’s Listed Company Manual Rule 303A.08. The Committee approved the grant of $316.15 million in equity awards payable in Gallagher common stock to 572 former AssuredPartners employees who became Gallagher employees upon the closing of the Transaction. The Committee approved these awards to aid in the retention of such employees. A portion of the awards vest immediately and the remaining amounts vest on the first, second, third and fifth anniversaries of the closing date. The awards will be issued as soon as practicable and will be subject to the terms and conditions of award agreements to be entered into between Gallagher and each recipient. The awards will be valued based upon the closing stock price of Gallagher’s common stock on August 15, 2025.
SOURCE Arthur J. Gallagher & Co.
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