Arthur J. Gallagher & Co. Adjusts Timeline for $13.45 Billion AssuredPartners Deal
Arthur J. Gallagher & Co. announced on Friday that the anticipated $13.45 billion acquisition of AssuredPartners Inc. is now expected to finalize in the latter half of the year, diverging from the initial projection of a first-quarter closure. The adjustment follows a request for additional information regarding their Hart-Scott-Rodino (HSR) filing. Such filings are mandatory under the Federal Trade Commission and Department of Justice regulations for substantial mergers and acquisitions, ensuring compliance with antitrust laws.
The HSR Act typically enforces a 30-day waiting period before companies can begin their integration efforts. Gallagher noted in a statement that a second information request is a common occurrence for transactions of this magnitude.
“This extends the waiting period stipulated by the HSR Act to 30 days post substantial compliance with the request,” Gallagher stated. They highlighted that this period might be voluntarily extended by the parties involved or shortened by the overseeing antitrust agency. Gallagher is actively working on responding to the request and anticipates concluding the transaction in the second half of 2025.
Originally announced in December, Gallagher’s agreement to acquire AssuredPartners aims to strengthen its standing as the third-largest brokerage globally, boasting approximately $14 billion in annual revenue. Earlier this week, Gallagher further announced its intent to purchase Woodruff Sawyer & Co. for $1.2 billion, further expanding its market presence.
