Gallagher keeps up acquisition streak with two new deals

Gallagher Advances Acquisition Strategy with Two New Purchases

Gallagher, an insurance brokerage headquartered in Rolling Meadows, continues its aggressive acquisition approach, adding two new deals amid integrating its $13.45 billion purchase of AssuredPartners.

Details of Recent Acquisitions

Gallagher acquired Tompkins Insurance Agencies, the property/casualty insurance and employee benefits division of Tompkins Financial Corp., for $183 million.
The Tompkins deal includes a $40 million tax benefit for Gallagher.
Gallagher also purchased Surescape Insurance Services, based in Denver, Colorado, an agency focused on the U.S. market; the terms of this acquisition were not disclosed.

Industry Context and Growth Strategy

Mergers and acquisitions remain a vital growth engine for insurance companies, as scale continues to provide a significant competitive edge in the market.

Despite market uncertainties, dealmaking activity in the insurance sector remains strong.

About the Author

Mark Weinraub is a banking and finance reporter for Crain’s Chicago Business. Joining Crain's in 2023 from Reuters, he has extensive experience covering commodities, agriculture, futures exchanges, government, and other sectors. He holds a degree from Northwestern's Medill School of Journalism.

“Gallagher is keeping its foot on the gas with its acquisition strategy, notching two deals this week, even as it works to integrate its $13.45 billion deal for AssuredPartners.”

Author's Summary: Gallagher accelerates its growth with two major acquisitions, reinforcing its market position while continuing to integrate its largest recent deal.

Crain's Chicago Business — 2025-11-05

Gallagher Advances Acquisition Strategy with Two New Purchases

Details of Recent Acquisitions

Industry Context and Growth Strategy

About the Author

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