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New Deal


Announced

Arthur J. Gallagher to acquire Proinova.

Financials

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

Tags

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Friendly

insurance broker

Sweden

Pending

Majority

Acquisition

Private

Insurance Brokers

Single Bidder

Synopsis

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Arthur J. Gallagher, a global insurance brokerage, risk management, and consulting services firm, agreed to acquire Proinova, Sweden-based insurance broker firm. Financial terms were not disclosed. "Proinova is a strong, family-run business that extends Gallagher's geographic presence into the southern region of Sweden, and expands our capabilities and product offering to clients across Scandinavia. I am delighted to welcome Sten and his associates to our growing global team." J. Patrick Gallagher Jr, Arthur J. Gallagher Chairman and CEO.

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