Gallagher’s £10.5bn acquisition of broker faces further enquiries

Gallagher’s acquisition of AssuredPartners has been delayed after the broker received a request for additional information about the deal.

In December 2024, Gallagher agreed a deal to acquire AssuredPartners for £10.5bn. At the time, it was expected that the transaction would close during the first quarter of 2025.

However, Gallagher now anticipates that the deal will complete in the second half of this year after receiving “a request for additional information as part of the Hart-Scott-Rodino (HSR) filing related to its proposed acquisition”.

The US HSR act requires firms to file premerger notifications to the Federal Trade Commission and the Antitrust Division of the Justice Department for certain acquisitions.

It establishes waiting periods that must elapse before such acquisitions can proceed.

Gallagher said a second request for information is a “common feature” of the regulatory review for transactions of this type.

The broker added: “It extends the waiting period imposed by the HSR Act until 30 days after Gallagher has substantially complied with the request, though it is possible for that period to be extended voluntarily by the parties or shortened by the antitrust agency.

“Gallagher is actively responding to the request and expects that the transaction will close in the second half of 2025.”

Deal benefits

AssuredPartners’ 10,900 colleagues serve a range of customers, including commercial, public entity and individuals, through approximately 400 offices.

Gallagher said that acquiring AssuredPartners would add scale to its UK and Ireland arm and expand its retail middle-market property and casualty offerings.

Gallagher chairman and chief executive J. Patrick Gallagher said: “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.”