Arthur J. Gallagher & Co. Acquires Shepard Insurance Group to Expand High-Net-Worth Offerings
Nov 26, 2024•about 1 year ago
Acquiring Company
Arthur J Gallagher
Acquired Company
Shepard Insurance Group
Description
Arthur J. Gallagher & Co. has announced the acquisition of Old Greenwich, Connecticut-based Shepard Insurance Group, a retail insurance broker specializing in serving high-net-worth clients in the Northeast US and Florida. This acquisition will expand the high-net-worth offerings in the Northeast under the leadership of Brendan Gallagher, head of Gallagher's Northeast region retail property/casualty brokerage operations.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed