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Announced

Arthur J. Gallagher to acquire Buck for $660m.

Financials

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Transaction Value£542m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales2.4x
EV/EBITDA19.41x
Share Price Premium-
One Off Charge-

Tags

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Business Process Outsourcing

United States

hr services

Pending

Majority

Private

Single Bidder

Domestic

Friendly

Business outsourcing

Acquisition

Private Equity

Synopsis

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Arthur J. Gallagher, a financial services company, agreed to acquire Buck, a provider of retirement, HR and employee benefits consulting and administration services, for $660m. "Providing a comprehensive suite of products and services that allows employers to attract, engage and retain talent is at the heart of Gallagher Benefit Services' mission and our global Gallagher Better Works value proposition. Through the complementary strengths of Buck's defined benefit offerings, investment consulting, digital employee engagement platform and international footprint, the acquisition will broaden, deepen and enhance our client offerings. I look forward to welcoming the 2,300 new colleagues joining us as part of this transaction to our growing Gallagher family of professionals," J. Patrick Gallagher, Arthur J. Gallagher Chairman, President and CEO.

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