Arthur J. Gallagher to acquire AssuredPartners from Apax and GTCR for $13.45bn.

Arthur J. Gallagher, a global insurance brokerage, risk management and consulting services firm, agreed to acquire AssuredPartners, a national partnership of leading independent insurance brokers, from private equity firms Apax and GTCR, for $13.45bn. "We have held in high regard the fast-growing AssuredPartners franchise since its founding in 2011. AssuredPartners' entrepreneurial spirit, broad US footprint and middle-market focus make them an ideal merger partner for Gallagher. By further leveraging our deep industry verticals, investments in data and analytics, access to specialty products, our common systems and standardized service model, together we can provide even more value to clients and further position Gallagher for future growth," J. Patrick Gallagher, Jr., Arthur J. Gallagher Chairman and CEO.