A. J. Gallagher to acquire Woodruff Sawyer for $1.2bn
- May 28, 2025
- Posted by: Kane Wells
- Category: Insurance
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer for a consideration of $1.2 billion.
Woodruff Sawyer provides a full suite of commercial property and casualty products, employee benefits solutions and risk management services with a focus on middle and large market clients.
According to Gallagher, after the acquisition is complete, the Woodruff Sawyer team, led by Chairman and CEO Andy Barrengos, will report to Peter Doyle, head of Gallagher’s U.S. retail property and casualty brokerage operations.
The transaction is subject to regulatory approval and is anticipated to close during the second quarter of 2025.
J. Patrick Gallagher, Jr., Chairman and CEO, commented, “Woodruff Sawyer has an outstanding reputation in our industry, and we have long admired their niche expertise and client-focused culture. Our complementary strengths will enhance the value we deliver to our clients and significantly expand our capabilities.
“I look forward to welcoming Andy and the more than 600 Woodruff Sawyer colleagues to our growing Gallagher family of professionals.”
Aformentioned Andy Barrengos added, “We are thrilled to join Gallagher, who shares our deep commitment to employees and has a culture defined by integrity, trust and excellence.
“We look forward to leveraging our complementary expertise and Gallagher’s substantial global capabilities to provide outstanding support for our clients.”
In related news, Gallagher reported net earnings for 2024 of $1.47 billion, up from $966 million in 2023, driven by further improvements in both its brokerage and risk management segments.
The firm also boasted of its successful completion of 48 mergers in 2024, demonstrating its strong growth strategy. Notably, 20 of these transactions were finalised in Q4 alone.
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