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New Deal


Announced

Completed

Arthur J. Gallagher completed the acquisition of McConnell, Manit & Trout Insurance Services.

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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Single Bidder

Acquisition

Private

Majority

property & casualty insurance

Friendly

Property and Casualty Insurance

United States

Completed

Synopsis

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Arthur J. Gallagher, a global insurance brokerage, risk management and consulting services firm, completed the acquisition of McConnell, Manit & Trout Insurance Services, a full-service property/casualty broker with a focus on serving the building materials, energy, waste, construction and transportation industries. Financial terms were not disclosed. "MMT will deepen our expertise in several key industries and brings us significant growth opportunities. The team is also a great cultural fit. I am delighted to welcome Rick, Mike, Doug and their associates to our growing global enterprise," J. Patrick Gallagher, Arthur J. Gallagher Chairman, President and CEO.

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