Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. Announces Acquisition of AssuredPartners
Summary
Arthur J. Gallagher & Co. has entered into a definitive agreement to acquire AssuredPartners for $13.45 billion in cash, subject to regulatory approvals. The acquisition, expected to close in Q1 2025, will be financed through a combination of debt, short-term borrowings, free cash, and common equity. The transaction is anticipated to be accretive to Gallagher's earnings, with expected synergies of approximately $160 million and integration costs of about $500 million over three years. Pro forma results suggest the deal will add double-digit adjusted EPS accretion to Gallagher. Additionally, a 364-day $13.45 billion bridge term loan facility has been committed to finance the transaction. Historical and pro forma financial information, including audited financial statements and unaudited pro forma condensed combined financial information, have been provided to give investors a comprehensive view of the transaction's financial impact.
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About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. The company's primary function is to assist clients in identifying, managing, and mitigating various risks through comprehensive insurance solutions. A significant player in the financial industry, Arthur J. Gallagher & Co. operates in multiple sectors, providing essential services to industries such as healthcare, construction, public entities, and more. The firm offers a wide range of insurance products, including property and casualty, workers' compensation, and employee benefits, tailoring strategies to fit the unique needs of each client. Founded in 1927 and headquartered in Rolling Meadows, Illinois, it has earned a reputation for innovation in risk management and customer service. The company’s extensive global network and experienced team of professionals enable it to navigate complex insurance markets effectively, making it a key component in the financial market's risk management sector.
Official SEC Documents
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