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Arthur J. Gallagher & Co. Acquires Hughes Insurance Agency, Inc.

Nov 21, 2023•about 2 years ago

Acquiring Company

Arthur J Gallagher

Acquired Company

Hughes Insurance Agency

Rolling MeadowsQueensburyFinancial ServicesInsuranceFinance

Description

Arthur J. Gallagher & Co. today announced the acquisition of Queensbury, New York-based Hughes Insurance Agency, Inc. Terms of the transaction were not disclosed.

Company Information

Company

Arthur J Gallagher

Location

2850 Golf Road

Rolling Meadows, Illinois, United States

About

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

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M&A Insights

Based on deal data
Integration 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