Arthur J. Gallagher & Co. reports developments tied to its global insurance brokerage, risk management and consulting services business. Company news commonly covers quarterly financial results, dividend declarations, acquisition activity, and updates from its brokerage and risk management operations across owned offices and correspondent broker and consultant networks in approximately 130 countries.
Recurring updates also include product and service initiatives such as Gallagher Blueprint, which combines AI-driven analytics, proprietary data and specialist expertise for client risk profiles and insurance program planning. Gallagher news also covers research on business risk topics, acquisition integration, and additions to retail brokerage, employee benefits, HR consulting and wealth management capabilities in markets such as Australia.
Arthur J. Gallagher & Co. (NYSE: AJG) has announced an $8.5 billion underwritten public offering of common stock, with an additional 30-day option for underwriters to purchase $1.275 billion in shares. Morgan Stanley & Co. and BofA Securities, Inc. are serving as lead and active book-running managers respectively.
The proceeds will primarily fund the previously announced acquisition of Dolphin TopCo, Inc., the holding company of AssuredPartners, Inc. Any remaining funds will be used for general corporate purposes and other acquisitions. The company plans to supplement the offering proceeds with available cash and credit facility borrowings to complete the transaction.
The offering is being made through an effective shelf registration statement and is not contingent on the acquisition's completion.
Arthur J. Gallagher & Co. (NYSE:AJG) has signed a definitive agreement to acquire AssuredPartners for $13.45 billion gross consideration. The acquisition, expected to close in Q1 2025, will add 10,900 employees and approximately 400 offices across the U.S., U.K., and Ireland.
AssuredPartners reported pro forma revenues of $2.9 billion and EBITDAC of $938 million for the trailing 12 months ended September 30, 2024. The transaction represents a 14.3x EBITDAC multiple, reducing to 11.3x after considering a $1.0 billion deferred tax asset and synergies. Gallagher expects synergies of $160 million and integration costs of $500 million over 3 years, with the acquisition projected to be 10-12% accretive to adjusted GAAP EPS.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Dawson & Keenan Insurance , a retail insurance brokerage based in Sault Ste. Marie, Ontario. The acquired company serves personal and commercial lines clients in Northern Ontario. Larry Day and his team will continue operations from their current location, reporting to Dave Partington, who leads Gallagher's Canadian retail property/casualty brokerage operations.
The acquisition aims to strengthen Gallagher's presence in the Canadian market, leveraging Dawson & Keenan's established regional reputation. Gallagher, headquartered in Rolling Meadows, Illinois, operates in approximately 130 countries, providing insurance brokerage, risk management, and consulting services globally.
Arthur J. Gallagher & Co. (NYSE:AJG) announces an investor meeting scheduled for December 17th, 2024, in New York City from 8:00 am to 12:00 pm ET. The meeting will feature presentations from company leaders on business operations and financial outlook, including a Q&A session with in-person attendees.
A live audio webcast will be available on the company's website, with replay access through December 24, 2024. Meeting materials will be posted at www.ajg.com/December17materials at 7:45 am ET on December 17th. The global insurance brokerage and risk management firm operates in approximately 130 countries through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Hann Insurance Brokers Pty , located in Lambton, New South Wales. Hann Insurance Brokers specializes in property/casualty insurance services for commercial clients across Australia, with particular expertise in the transport sector. The acquisition team will join Gallagher's Newcastle office under Sarah Lyons, who heads retail property/casualty brokerage operations for Gallagher in Australia and Asia. The financial terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) announced that its subsidiary, Gallagher Bassett, has acquired Caytons Law LLP's UK operations. Caytons, operating in London and Bristol, specializes in claims and legal management with a focus on commercial and professional liability insurance matters.
The Caytons team, led by John Cayton, Sam Moore, and Robin Cundall, will operate under Manan Sagar, head of Gallagher Bassett's UK operations. The acquisition aims to enhance Gallagher Bassett's capabilities in financial lines and professional liability claims management in the UK. Financial terms were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Shepard Insurance Group, a retail insurance broker based in Old Greenwich, Connecticut. Shepard specializes in serving high-net-worth clients in the Northeast US and Florida. Steve Shepard, Kyle Shepard, and their team will continue operations from their current location under Brendan Gallagher's direction, who heads Gallagher's Northeast region retail property/casualty brokerage operations. The financial terms of the acquisition were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of THB Chile, a Santiago-based retail insurance broker. THB Chile specializes in property/casualty, life and health benefits, and reinsurance services across Chile. The THB Chile team will operate under Lionel Soffia, who heads Gallagher's retail insurance and reinsurance brokerage operations in Chile and Latin America.
The acquisition represents a significant expansion of Gallagher's operations in Chile, bringing additional market expertise and a complementary business portfolio. Gallagher, headquartered in Rolling Meadows, Illinois, currently provides insurance brokerage, risk management, and consulting services in approximately 130 countries worldwide.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Peabody Insurance Agency, a Fenton, Michigan-based retail insurance agency. Peabody Insurance specializes in serving commercial and personal lines clients in southeast Michigan, with focus areas in construction, manufacturing and multifamily real estate.
The Peabody team, including Jim Peabody and Grace Peabody-Ljoljic, will continue operations from their current location under Sean Gallagher's leadership, who heads Gallagher's Great Lakes region retail property/casualty brokerage operations. Financial terms were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Scout Benefits Group , an Oklahoma City-based employee benefits consulting firm. Scout Benefits Group specializes in health plan strategies and serves clients primarily in Oklahoma. The financial terms were not disclosed. The acquisition team, led by Tiffany Davis and Todd Davis, will continue operations from their current location under Leah Vetter, who heads Gallagher's Central region employee benefits consulting operations. The acquisition aligns with Gallagher's strategy to enhance its benefits consulting capabilities.