AssuredPartners Acquires Medallion Wealth Management, Inc.

Arthur J. Gallagher & Co. Acquires AssuredPartners for $12.45 Billion

December 9, 2024

Insurance

Arthur J. Gallagher & Co. (Gallagher) completed the acquisition of AssuredPartners for $12.45 billion, adding roughly 10,900 colleagues and materially expanding its U.S. middle-market property & casualty and employee benefits capabilities. The deal is expected to be financially accretive with significant synergies and will broaden Gallagher's specialty, wholesale and international capabilities.

AssuredPartners Acquires Murray Insurance Associates, Inc.

January 22, 2021

Insurance

AssuredPartners, Inc. has acquired Murray Insurance Associates, Inc., a Lancaster, Pennsylvania-based insurance agency. The Murray team of 170 — which generates approximately $31 million in annualized revenues — will remain led by CEO Richard Rankin and join AssuredPartners to strengthen the firm’s Pennsylvania footprint and service capabilities.

AssuredPartners Acquires WTPhelan & Co. Insurance Agency, Inc.

June 26, 2020

Insurance

AssuredPartners, Inc. has acquired WTPhelan & Co. Insurance Agency, Inc., a Cambridge, Massachusetts-based insurance agency. The WTPhelan team of 58 (reporting $18 million in annualized revenue) will remain under current leadership as part of AssuredPartners’ Northeast expansion and is the firm’s 20th acquisition of 2020.

Arthur J. Gallagher & Co. Acquires AssuredPartners for $13.45B

December 9, 2024

Insurance

Arthur J. Gallagher & Co. agreed to acquire AssuredPartners in a $13.45 billion all-cash transaction, buying stakes held by private equity investors. AssuredPartners is a large insurance brokerage with c.10,900 colleagues and ~400 offices across the U.S., the United Kingdom and Ireland; the deal expands Gallagher's brokerage scale and capabilities and is subject to customary regulatory approvals.

AssuredPartners Acquires The Shepherd Agency

July 21, 2022

Insurance

AssuredPartners, Inc. has acquired The Shepherd Agency, a Fort Washington, Pennsylvania-based bond-only insurance agency specializing in contract surety bonds. The Shepherd Agency’s ten-person team will remain under current leadership and join AssuredPartners’ Construction and Surety operations to expand its surety capabilities in the Philadelphia / Delaware Valley market.

AssuredPartners Acquires Midwest Group Benefits, Inc.

May 9, 2022

Insurance

AssuredPartners, Inc., a national insurance broker based in Lake Mary, Florida, announced the acquisition of Midwest Group Benefits, Inc. of Decorah, Iowa. The Midwest Group Benefits team of 10 — led by Sara Hotvedt — will join AssuredPartners; the agency reports approximately $1.1 million in annualized revenues and the deal expands AssuredPartners' employee benefits presence in Iowa and the Great Plains region.