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Arthur J. Gallagher & Co. Acquires Evergreen Insurance Managers Inc.

Aug 09, 2022•over 3 years ago

Acquiring Company

Arthur J Gallagher

Acquired Company

Evergreen Insurance Managers

Rolling MeadowsFinancial ServicesInsuranceFinance

Description

Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Hillsboro, Oregon-based Evergreen Insurance Managers 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