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Announced

Arthur J. Gallagher acquired Serna Insurance Agency.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Full Line Insurance

Private

Pending

United States

Acquisition

insurance products

Single Bidder

Synopsis

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Arthur J. Gallagher, a US-based global insurance brokerage and risk management services firm, acquired Serna Insurance Agency, offers private client, personal lines and commercial insurance products and services to clients throughout the state of Texas and surrounding states. Financial terms were not disclosed. "Personal lines is an important strategic initiative for Gallagher, and Serna's reputation as a high-quality personal lines agency across Texas is a natural fit with our strategy," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Pete, Martha and their associates to our growing global team."

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