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Arthur J. Gallagher & Co. Acquires Tompkins Insurance Agencies, Inc.

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Arthur J. Gallagher & Co (NYSE: AJG) announced on November 3, 2025 the acquisition of Batavia, New York-based Tompkins Insurance Agencies, a wholly owned subsidiary of Tompkins Financial (NYSE: TMP).

Tompkins Insurance offers property/casualty and employee benefits across New York and Pennsylvania. Pro forma trailing 12-months to June 30, 2025 revenues were approximately $40 million with $16 million of EBITDAC. Gallagher will acquire the stock for $183 million, net of a discounted tax benefit of about $40 million. David Boyce and the existing team will remain under Gallagher regional leadership.

Arthur J. Gallagher & Co (NYSE: AJG) ha annunciato il 3 novembre 2025 l'acquisizione della Tompkins Insurance Agencies, basata a Batavia, New York, una controllata interamente posseduta di Tompkins Financial (NYSE: TMP).

Tompkins Insurance offre assicurazioni property/casualty e benefici ai dipendenti in tutto New York e Pensilvania. I ricavi pro-forma degli ultimi 12 mesi fino al 30 giugno 2025 sono stati di circa $40 milioni con un EBITDAC di $16 milioni. Gallagher acquisterà le azioni per $183 milioni, al netto di un beneficio fiscale scontato di circa $40 milioni. David Boyce e l'attuale team rimarranno sotto la leadership regionale di Gallagher.

Arthur J. Gallagher & Co (NYSE: AJG) anunció el 3 de noviembre de 2025 la adquisición de Batavia, Nueva York, de Tompkins Insurance Agencies, una subsidiaria 100% propiedad de Tompkins Financial (NYSE: TMP).

Tompkins Insurance ofrece seguros de propiedad/responsabilidad civil y beneficios para empleados en Nueva York y Pensilvania. Los ingresos pro forma de los últimos 12 meses hasta el 30 de junio de 2025 fueron aproximadamente $40 millones con un EBITDAC de $16 millones. Gallagher adquirirá las acciones por $183 millones, netos de un beneficio fiscal descontado de alrededor de $40 millones. David Boyce y el equipo existente permanecerán bajo la liderazgo regional de Gallagher.

Arthur J. Gallagher & Co (NYSE: AJG)2025년 11월 3일 Batavia, 뉴욕에 위치한 Tompkins Insurance Agencies를 Tompkins Financial (NYSE: TMP)의 전액 출자 자회사로 인수했다고 발표했다.

Tompkins Insurance는 뉴욕 및 펜실베이니아 전역에서 재산/상해 보험(property/casualty) 및 직원 복리후생을 제공한다. 2025년 6월 30일 기준으로 최근 12개월(trailing 12-months) 매출은 약 $40백만이며 EBITDAC는 $16백만이다. Gallagher는 주식을 $183백만에 인수하되 약 $40백만의 절세 혜택을 차감한 금액이다. David Boyce와 기존 팀은 Gallagher의 지역 리더십 아래 남아있을 것이다.

Arthur J. Gallagher & Co (NYSE: AJG) a annoncé le 3 novembre 2025 l'acquisition de Tompkins Insurance Agencies, basée à Batavia, New York, une filiale détenue en totalité par Tompkins Financial (NYSE: TMP).

Tompkins Insurance propose des assurances pour les biens et les risques (property/casualty) et des prestations aux employés dans l'État de New York et la Pennsylvanie. Les revenus pro forma des douze derniers mois jusqu'au 30 juin 2025 s'élevaient à environ $40 millions avec un EBITDAC de $16 millions. Gallagher acquerra les actions pour $183 millions, net d'un avantage fiscal déduit d'environ $40 millions. David Boyce et l'équipe existante resteront sous la direction régionale de Gallagher.

Arthur J. Gallagher & Co (NYSE: AJG) kündigte am 3. November 2025 die Übernahme von Tompkins Insurance Agencies, mit Sitz in Batavia, New York, an, einer zu 100 % im Eigentum von Tompkins Financial (NYSE: TMP) stehenden Tochtergesellschaft.

Tompkins Insurance bietet in New York und Pennsylvania Sach- und Haftpflichtversicherung (property/casualty) sowie Mitarbeitervorteile an. Pro forma der Trailing-12-Months bis zum 30. Juni 2025 betrugen die Umsätze ca. $40 Millionen mit einem EBITDAC von $16 Millionen. Gallagher wird die Aktien für $183 Millionen erwerben, netto eines diskontierten Steuervorteils von ca. $40 Millionen. David Boyce und das bestehende Team bleiben unter der regionalen Führung von Gallagher.

Arthur J. Gallagher & Co (NYSE: AJG) أعلنت في 3 نوفمبر 2025 عن استحواذها على Tompkins Insurance Agencies، وهي شركة تابعة مملوكة بالكامل لـTompkins Financial (NYSE: TMP)، ومقرها في باتافيا، نيويورك.

تقدم Tompkins Insurance خدمات التأمين على الممتلكات/الخاطر والتعويضات للموظفين في نيويورك وبنسلفانيا. بلغت الإيرادات التقريبية خلال آخر 12 شهراً حتى 30 يونيو 2025 نحو $40 مليون مع EBITDAC قدره $16 مليون. ستشتري Gallagher الأسهم بمبلغ $183 مليون صافيًا من فائدة ضريبية مخفضة بنحو $40 مليون. سيبقى ديفيد بويز والفريق الحالي تحت القيادة الإقليمية لـ Gallagher.

Positive
  • Pro forma revenues of $40 million (TTM to June 30, 2025)
  • Pro forma EBITDAC of $16 million (TTM to June 30, 2025)
  • Acquisition price of $183 million (net of ~$40 million tax benefit)
  • Adds insurance brokerage footprint in New York and Pennsylvania
Negative
  • None.

ROLLING MEADOWS, Ill., Nov. 3, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Batavia, New York-based Tompkins Insurance Agencies, Inc., a wholly-owned subsidiary of Tompkins Financial Corporation (NYSE: TMP).

Tompkins Insurance Agencies offers a full suite of property/casualty insurance products and employee benefits services to clients throughout New York and Pennsylvania. David Boyce, president of Tompkins Insurance Agencies, and his team will remain in their current location under the direction of Brendan Gallagher, head of Gallagher's Northeast region retail property/casualty brokerage operations, and Scott Sherman, head of Gallagher's Northeast region employee benefits consulting and brokerage operations.

"Tompkins Insurance Agencies is a highly regarded firm that enhances our brokerage capabilities in the region across commercial lines, personal lines and employee benefits," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome David and his associates to Gallagher."

Tompkins Insurance Agencies pro forma revenues and EBITDAC for the trailing 12 months ended June 30, 2025 were approximately $40 million and $16 million, respectively. Under the agreement, Gallagher will acquire the stock of Tompkins Insurance Agencies for $183 million, which is net of Gallagher's discounted tax benefit associated with the transaction of approximately $40 million.

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations


Media: Paul Day, Senior Media Relations Manager

630-285-3661/ ray_iardella@ajg.com


630-285-5946/ paul_day1@ajg.com




 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-tompkins-insurance-agencies-inc-302602245.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What did AJG announce on November 3, 2025 regarding Tompkins Insurance Agencies?

AJG announced it will acquire Tompkins Insurance Agencies, a Tompkins Financial subsidiary, in a stock purchase for $183 million.

How large were Tompkins Insurance Agencies' trailing revenues and EBITDAC in AJG's acquisition?

Pro forma trailing 12 months to June 30, 2025 showed approximately $40 million revenue and $16 million EBITDAC.

Will Tompkins Insurance Agencies' leadership remain after the AJG (AJG) acquisition?

Yes. David Boyce and his team will remain in Batavia under Gallagher regional leadership.

How does AJG describe Tompkins Insurance Agencies' business geography after the acquisition?

Tompkins Insurance provides property/casualty and employee benefits services across New York and Pennsylvania.

Is the AJG purchase price adjusted for tax benefits and by how much?

Yes; the announced $183 million purchase price is net of Gallagher's discounted tax benefit of approximately $40 million.
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