GTCR, a private equity firm, announced that it has signed a definitive agreement to sell AssuredPartners, a independent insurance broker, to Arthur J. Gallagher (AJG) & Co. for $13.45B in an all-cash transaction. This transaction is the largest sale of a U.S. insurance broker to a strategic acquiror in the history of the industry. Based in Orlando, Florida, AssuredPartners is the 11th largest insurance broker in the U.S. The company has a team of 10,900 professionals, serving clients from strategically located offices across North America and the U.K.
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Read More on AJG:
- Arthur J. Gallagher files to sell common stock, no amount given
- Arthur J. Gallagher announces $8.5B common stock offering
- Arthur J Gallagher & Co to Acquire AssuredPartners
- Arthur J. Gallagher to acquire AssuredPartners, sees accretion
- Arthur J. Gallagher acquires Dawson & Keenan Insurance, terms not disclosed
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