Arthur J. Gallagher & Co. Acquires Southern Insurance Group, LLC

Arthur J. Gallagher & Co. Acquires Eastern Insurance Group

September 19, 2023

Insurance

Arthur J. Gallagher & Co. signed a definitive agreement to acquire Natick, Massachusetts-based Eastern Insurance Group, LLC (a subsidiary of Eastern Bank) for $510 million (net of seller-funded expenses). The acquisition, expected to close in late 2023 and now completed, expands Gallagher’s commercial property/casualty, personal lines and employee benefits capabilities across the Northeast U.S.; Eastern Insurance reported pro forma trailing-12-month revenues of approximately $104 million and EBITDAC of $37 million.

Arthur J. Gallagher & Co. Acquires Crawford Insurance, LLC

June 4, 2024

Insurance

Arthur J. Gallagher & Co. acquired Pittsburgh-based Crawford Insurance, LLC, a retail property/casualty insurance agency that serves commercial and personal lines clients in Pennsylvania, South Carolina and Virginia. Terms were not disclosed; James Crawford and his team will remain in place and operate under the direction of Sean Gallagher within Gallagher’s Great Lakes retail P/C brokerage operations.

Arthur J. Gallagher & Co. Acquires Hagan Insurance Group

July 25, 2023

Insurance

Arthur J. Gallagher & Co. acquired Sioux Falls–based Hagan Insurance Group to expand its association and affinity benefits capabilities. The Hagan team will remain in place and operate under Gallagher's Affinity North America leadership to provide complementary expertise and cross-selling opportunities.

Arthur J. Gallagher & Co. Acquires The Andersen Group

July 6, 2023

Insurance

Arthur J. Gallagher & Co. has acquired Chantilly, Virginia-based retail insurance agency The Andersen Group. The Andersen Group will operate under Gallagher's Mid-South retail property/casualty brokerage operations to enhance Gallagher's capabilities in the greater Washington, D.C. market; terms were not disclosed.

Arthur J. Gallagher & Co. Acquires CBS Insurance, LLP

January 3, 2023

Insurance

Arthur J. Gallagher & Co. acquired CBS Insurance, LLP, an Abilene, Texas-based retail insurance agency that provides property/casualty and health/benefits coverage. Terms were not disclosed; CBS principals Peter Lauve and Steve Senter and their team will remain in place as part of Gallagher's South Central retail operations.

Arthur J. Gallagher & Co. Acquires Shepard Insurance Group

November 26, 2024

Insurance

Arthur J. Gallagher & Co. announced the acquisition of Old Greenwich, Connecticut-based Shepard Insurance Group; terms were not disclosed. Shepard's leadership will remain in place, and the deal expands Gallagher's high-net-worth insurance offerings in the Northeast and Florida.