AssuredPartners
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The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail. -
The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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The hires form part of WTW’s build-out of its US aviation practice.
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Gallagher already has HSR approval for the $1.2bn Woodruff Sawyer acquisition.
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The company said it now expects the transaction to close in H2 2025.
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AJ Gallagher expects to complete the $13.5bn acquisition of AssuredPartners in Q1.
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The appointment comes a month after AP’s $13.5bn sale to Gallagher.
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Insight into the current state of the insurance M&A market, powered by the Insurance Insider US M&A Deal Tracker.
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The deal is financially attractive, but risks diluting the jewel that is Gallagher’s US mid-market business.
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The executive said the combined entity could execute 100-110 tuck-in M&A deals a year.
Related
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AJG confirms agreement to buy AssuredPartners for $13.45bn
December 09, 2024 -
AJ Gallagher in advanced talks to acquire AssuredPartners
December 08, 2024 -
AssuredPartners appoints Beba as CEO for retail
November 19, 2024 -
AssuredPartners appoints Accretive CEO Smith as president
November 18, 2024