AJG · 8-K · 20261029PR068263
Acquisition / Partnership / Divestiture
Arthur J. Gallagher & Co. · 2026-10-29 · Importance 69 · Surprise 64 · In source text
Gallagher closed five Brokerage acquisitions in third-quarter 2026, compared with six in third-quarter 2025, with estimated annualized acquired revenues of $102 million versus $3.036 billion. For the first nine months, Brokerage closed 19 acquisitions with $209 million of estimated annualized acquired revenues, compared with 25 acquisitions and $3.390 billion in the prior-year period. Risk Management closed no acquisitions in the quarter and two in the first nine months, representing $15 million of estimated annualized acquired revenues. The release states that the AssuredPartners acquisition was completed in third-quarter 2025 for approximately $14 billion.
Key facts
- The AssuredPartners acquisition was completed in the third quarter of 2025 for approximately $14 billion. source
- Gallagher raised approximately $14 billion in the fourth quarter of 2024 and first quarter of 2025 through a follow-on common stock offering and senior notes issuance to fund the AssuredPartners acquisition. source
- Risk Management closed 2 acquisitions in the first nine months of 2026, compared with 1 in the first nine months of 2025; none closed in either third quarter. source
- Estimated annualized revenues acquired in Risk Management were $15 million in the first nine months of 2026, compared with $38 million in the first nine months of 2025; no acquired revenue was reported for either third quarter. source
- Estimated annualized revenues acquired in Brokerage were $102 million in the third quarter of 2026 and $209 million in the first nine months of 2026. source
- Gallagher closed 5 acquisitions in the third quarter of 2026 and 19 acquisitions in the first nine months of 2026. source
- Gallagher issued no shares in connection with tax-free exchange acquisitions in the third quarter of 2026; 9,000 shares were issued directly to sellers for such acquisitions in the third quarter of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +4.4% | Estimated annualized revenues acquired in Brokerage were $102 million in the third quarter of 2026 and $209 million in the first nine… |
| revenue | positive | committed | +0.3% | Estimated annualized revenues acquired in Risk Management were $15 million in the first nine months of 2026, compared with $38 million in… |