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Announced

Arthur J. Gallagher to acquire M&T Insurance Agency from M&T Bank.

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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United States

Pending

Friendly

Private

Domestic

Single Bidder

retail insurance

Property and Casualty Insurance

Acquisition

Majority

Synopsis

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Arthur J. Gallagher, a global insurance brokerage, risk management and consulting services firm, agreed to acquire M&T Insurance Agency, a retail insurance agency, from M&T Bank, a financial holding company. Financial terms were not disclosed. "M&T Insurance Agency has a long record of client-focused offerings and expertise, and this will help us expand our footprint in the New York region. We look forward to welcoming John, Bart, Zachary and their associates to Gallagher," J. Patrick Gallagher, Arthur J. Gallagher Chairman, President and CEO.

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