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New Deal


Announced

Completed

Arthur J. Gallagher completed the acquisition of NEK Insurance.

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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Majority

Private

Completed

retail insurance

Domestic

Single Bidder

United States

Acquisition

Full Line Insurance

Friendly

Synopsis

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Arthur J. Gallagher, a global insurance brokerage, risk management and consulting services firm, completed the acquisition of NEK Insurance, a retail insurance agency specializing in property/casualty coverages for daycare centers and k-8 schools, residential care facilities and small remodeling contractors, with underwriting authority in these three segments. Financial terms were not disclosed. "NEK is a well-established Bay Area agency with a focus that is highly complementary to our existing San Francisco-based specialist business, offering us terrific cross-selling opportunities. I am delighted to welcome Kevin, Jennifer, Kyle and their associates to Gallagher," J. Patrick Gallagher, Jr., Chairman, President and CEO.

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