Arthur J. Gallagher & Co. has completed its takeover of AssuredPartners, describing the deal as a merger of two entrepreneurial and client-focused cultures that will support expansion across multiple business lines and regions.
Chairman and chief executive J. Patrick Gallagher, Jr. said the integration of AssuredPartners will allow the combined company to apply its product and industry knowledge to insurance and risk management solutions.
“I am confident the combination will deliver tremendous value to our clients and our shareholders," said Gallagher, Jr.
AssuredPartners, based in the United States, operates in commercial property/casualty, specialty, employee benefits and personal lines. It serves commercial, public sector and individual customers through offices across the US, the UK and Ireland.
The company noted that the deal increases capabilities in practice groups such as transportation, energy, healthcare, government contractors and public entities. It also creates opportunities for its wholesale, reinsurance and claims management divisions, while adding scale, expertise and talent in the UK and Ireland.
Gallagher stated that the acquisition supports its tuck-in M&A strategy and adds experienced insurance industry leaders to the organisation. In addition, the company said the transaction is financially attractive, with estimated double-digit adjusted earnings per share accretion, including the impact of synergies.
The transaction was financed with net proceeds from earlier equity and debt financing transactions. In connection with the closing, the Board of Directors Compensation Committee approved US$316.15 million in equity awards payable in Gallagher common stock to 572 former AssuredPartners employees who joined Gallagher.
The equity awards were authorised under the employment inducement awards exemption of the New York Stock Exchange’s Listed Company Manual Rule 303A.08. A portion of the awards vests immediately, while the rest vest on the first, second, third and fifth anniversaries of the closing date. The awards will be subject to the terms of individual award agreements and valued based on Gallagher’s closing stock price on August 15, 2025.
