Financial M&A » By The Online Investor Staff, updated Sat., Apr. 27, 12:14 AM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #79. Arthur J. Gallagher & Co. — Mike Henry Insurance Brokers Limited
Acquirer:
Arthur J. Gallagher & Co. (NYSE:AJG)
Acquiree:
Mike Henry Insurance Brokers Limited
Details:
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Mike Henry Insurance Brokers Limited (MHIB) headquartered in Auckland, New Zealand. MHIB has annualized revenues of approximately $4.5 million and 30 staff operating from its offices in Auckland and Christchurch. Terms of the transaction were not disclosed.
Gallagher (Arthur J.) is a holding company. Through its subsidiaries, Co. provides insurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations. Co.'s segments are: brokerage, which is mainly comprised of its retail and wholesale insurance brokerage operations; risk management, which provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure their property/casualty coverages and for underwriting enterprises that choose to outsource their property/casualty claims departments; and corporate, which manages its clean energy and other investments.
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Avg. Broker Rec.
 
|
Buy (2.88 out of 4) 21st percentile
(ranked lower than approx. 79% of all stocks covered)
Analysts' Target Price: AJG Stock Forecast Based on Zacks ABR data; powered by Xignite |
