Form 8-K · Current Report · Filed 2024-12-09

Arthur J. Gallagher & Co. Announces Acquisition of AssuredPartners

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.