Gallagher Announces Acquisition of AssuredPartners

Arthur J. Gallagher & Co., who owns Gallagher Aerospace, a global leader in insurance brokerage, risk management, and consulting services, has announced a definitive agreement to acquire AssuredPartners insurance broker. The acquisition, valued at $13.45 billion, is expected to close in the first quarter of 2025, pending customary regulatory approvals.

Gallagher Aerospace and AssuredPartners are both allied members of NAAA.

Gallagher’s Chairman and CEO, J. Patrick Gallagher, Jr., expressed high regard for AssuredPartners, emphasizing the alignment between the two companies’ values and goals. He also welcomed AssuredPartners’ 10,900 employees, noting their contribution to the firm’s success.

Randy Larsen, CEO of AssuredPartners, hailed the acquisition as a significant milestone in the company’s growth journey. “With Gallagher, we bring together unparalleled global resources and expert insights,” he said. “This is a team effort, and our employees’ dedication has been central to our success.”

Both companies anticipate that the integration will drive long-term growth and provide substantial value to customers.