Financial M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:50 AM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #95. Arthur J. Gallagher & Co. — Oval Group of Companies
Acquirer:
Arthur J. Gallagher & Co. (NYSE:AJG)
Acquiree:
Oval Group of Companies
Details:
Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired the Oval Group of Companies ("Oval"), an independent commercial insurance broker with over 80 million in annualized revenue operating out of 24 offices throughout the United Kingdom. The transaction closed today.
Gallagher (Arthur J.) is a holding company. Through its subsidiaries, Co. provides insurance brokerage, consulting, and third party claims settlement and administration services to both domestic and international entities. Co.'s segments are: brokerage, which is primarily 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.
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Buy (3.00 out of 4) 33rd percentile
(ranked lower than approx. 67% of all stocks covered)
Analysts' Target Price: AJG Stock Forecast Based on Zacks ABR data; powered by Xignite |
