M&A
confidence high
sentiment positive
materiality 1.00
Gallagher signs $13.45B deal to acquire AssuredPartners; expects 10-12% EPS accretion
Arthur J. Gallagher & Co.
- Gross purchase price $13.45B cash; net consideration ~$12.45B after $1.0B deferred tax asset.
- Trailing 12-month revenue of ~$2.9B and EBITDAC of $938M; multiple 14.3x gross / 11.3x net after DTA and synergies.
- Expected to close Q1 2025, subject to US/UK/Ireland regulatory approvals; no financing condition.
- Expects ~$160M in synergies and ~$500M in integration costs ($200M non-cash retention) over 3 years.
- 10,900 colleagues and ~400 offices across US, UK, Ireland; adds middle-market P&C and benefits focus.