• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Arthur J. Gallagher to buy AssuredPartners for $13.45 billion

by December 9, 2024
written by December 9, 2024

Arthur J. Gallagher & Co (NYSE:AJG)., a global insurance brokerage, risk management, and consulting services firm, announced on Monday that it has entered into a definitive agreement to acquire AssuredPartners from its private equity owners.

The transaction is valued at a gross consideration of $13.45 billion, not accounting for a $1 billion deferred tax asset anticipated to lower the net cost to $12.45 billion.

The acquisition is aimed at bolstering Gallagher’s retail middle-market property and casualty offerings across the United States.

The Rolling Meadows, Illinois-based company plans to finance the deal using a mix of long-term debt, short-term borrowings, available cash, and common equity.

Gallagher anticipates achieving approximately $160 million in synergies and expects to incur integration costs of about $500 million over the coming three years.

The completion of this acquisition is subject to regulatory approvals and is expected to finalize in the first quarter of the following year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Boliden acquires Lundin mines for up to $1.45 billion
next post
TSMC founder critiques Intel’s strategy shift

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • UPS is ‘disposing of’ U.S.-bound packages over customs paperwork problems

      October 13, 2025
    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (652)
    • Stock (6,426)

    Latest News

    • UPS is ‘disposing of’ U.S.-bound packages over customs paperwork problems
    • China outlines more controls on exports of rare earths and technology

    Popular News

    • Taiwan stocks lower at close of trade; Taiwan Weighted down 0.61%
    • Biden administration to launch trade probe into Chinese semiconductors – Bloomberg

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy