Gallagher pushes back likely close of AssuredPartners deal

Arthur J. Gallagher & Co. said Friday its proposed $13.45 billion purchase of rival brokerage AssuredPartners Inc. will likely close in the second half of this year rather than the first quarter, as originally anticipated when the deal was announced.

Gallagher said it had received a request for additional information as part of its Hart-Scott-Rodino filing related to the deal. HSR filings are required by the Federal Trade Commission and the Department of Justice for sizeable transactions as part of antitrust reviews. The law typically imposes a 30-day waiting period before the companies can begin the integration process.

In a statement, Gallagher said a second request for information is common for this type of transaction.

“It extends the waiting period imposed by the HSR Act until 30 days after Gallagher has substantially complied with the request, though it is possible for that period to be extended voluntarily by the parties or shortened by the antitrust agency.

“Gallagher is actively responding to the request and expects that the transaction will close in the second half of 2025.”

Gallagher announced in December that it had agreed to buy AssuredPartners. The deal would bolster Gallagher’s position as the world’s third-largest brokerage, with about $14 billion in annual revenue.

Earlier this week, Gallagher announced the proposed purchase of Woodruff Sawyer & Co. for $1.2 billion.