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New Deal


Announced

Completed

Arthur J. Gallagher completed the acquisition of The Evans Agency from Evans Bancorp for $40m.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Property and Casualty Insurance

life and property insurance

property insurance

Acquisition

Completed

Friendly

Single Bidder

Domestic

Private

Majority

Synopsis

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Arthur J. Gallagher, a US-based global insurance brokerage and risk management services firm, completed the acquisition of The Evans Agency, a commercial property and casualty insurance broker, from Evans Bancorp, a financial holding company, for $40m. “Evans Agency associates will be joining a global insurance brokerage, risk management, and consulting services firm with an unrivaled tool kit to respond to client needs. Clients will have access to enhanced resources and a greater breadth of insurance expertise, while continuing to work with the existing talented team of Evans Agency associates and leadership. Our partnership with Evans has been marked by two core principles: a commitment to excellent client service and creating a culture where associates thrive and can realize their full potential. Together, we chose to partner with Gallagher as they share these same principles. I am very excited about what this partnership will mean for our clients and associates,” Aaron Whitehouse, The Evans Agency President.

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