m_and_a
confidence high
sentiment positive
materiality 0.85
Gallagher closes $13.8B acquisition of AssuredPartners; expects double-digit EPS accretion
Arthur J. Gallagher & Co.
- Purchase price of $13.8 billion in cash paid at closing; financed via previously disclosed equity and debt.
- Acquisition expected to deliver double-digit adjusted EPS accretion including synergies.
- Gallagher granted $316.15M in equity awards to 572 former AssuredPartners employees for retention.
- Combination expands retail middle-market P/C and employee benefits, and adds niche practice groups.
- AssuredPartners is a leading U.S. insurance broker with U.K. and Ireland operations.
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