Gallagher closes AssuredPartners acquisition
- July 21, 2025
- Posted by: Web workers
- Category: Finance
Arthur J. Gallagher & Co. said Monday it has closed its $13.45 billion acquisition of AssuredPartners.
The deal, which was delayed pending an antitrust review by the U.S. Justice Department, was expected to close this quarter.
The transaction includes $316.15 million in equity awards to 572 former AssuredPartners employees who joined Gallagher in the deal, with vesting periods ranging from immediate to up to five years.
The awards will be valued based on Gallagher’s closing stock price of $292.72 on Aug. 15 and are subject to the terms and conditions of agreements between Gallagher and each recipient.
Gallagher announced in December that it had agreed to buy AssuredPartners. The deal will bolster Gallagher’s position as the world’s third-largest brokerage, giving it about $14 billion in annual revenue.
It will also expand its presence in the U.S. middle market for property/casualty insurance and employee benefits and add some specialty and international insurance business.
The acquisition is expected to boost Gallagher’s earnings per share by double digits, including cost-savings. “I am confident the combination will deliver tremendous value to our clients and our shareholders.” Chairman and CEO Patrick J. Gallagher Jr. said in a statement.
Gallagher financed the deal with net proceeds from various equity and debt financing transactions.
