Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hall Sues Oates, Wins Restraining Order Over Plan to Sell Stake in Joint Venture
Nov 27 2023 // NASHVILLE, Tenn. (AP) — Daryl Hall has sued his longtime music partner John Oates, arguing that his plan to sell off his share of a joint venture would violate the terms of a business agreement the Hall & Oates...
Aviva to Acquire Canadian Vehicle Replacement MGA Optiom for Circa £100m
Nov 27 2023 // Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million). Calgary, Canada-based Optiom, which operates...
Gallagher Acquires New York’s Hughes Insurance Agency
Nov 22 2023 // Arthur J. Gallagher & Co. announced the acquisition of Queensbury, New York-based independent insurance agency, Hughes Insurance Agency, Inc. From it headquarters in Queensbury and an office in Albany, Hughes serves...
Inszone Acquires Letherer Insurance Consultants in New Mexico
Nov 22 2023 // Inszone Insurance Services acquired Letherer Insurance Consultants in New Mexico. Letherer Insurance Consultants specializes in professional liability coverage for attorneys, dentists, doctors and accountants. Sacramento,...
Alacrity Acquires South Carolina’s Cross Country Adjusting
Nov 21 2023 // Insurance Claims management service Alacrity Solutions Group, has acquired Cross Country Adjusting of Pageland, South Carolina. CCA, founded in 2005, provides residential and commercial property claims adjusting through a...
Choice Financial Acquires Hackmeier Agency in South Florida
Nov 20 2023 // Virginia-based Choice Financial Group has acquired Jeff D. Hackmeier and Associates, a south Florida insurance agency catering to high net-worth clients. Hackmeier, based in Bay Harbor Islands, near Miami, has been in...
Largest Decline Ever in Agency M&A Through First Three Quarters: OPTIS
Nov 20 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions through the first three quarters of 2023 saw the largest declined ever recorded. There were 534 announced M&A deals...
Amwins Completes $1 Billion Recapitalization Transaction
Nov 17 2023 // Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, and employee shareholders...
Arthur J. Gallagher & Co. Acquires Michigan’s Coverys Insurance Services
Nov 16 2023 // Arthur J. Gallagher & Co. announced it has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services. Terms of the transaction were not disclosed. Coverys...
Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M
Nov 16 2023 // Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’...
Inszone Acquires Texas’ Max Breisse Insurance Agency
Nov 15 2023 // Inszone Insurance Services, a national provider of commercial, personal, and benefits insurance, has acquired Max Breisse Insurance Agency. Based in Katy, Texas, the agency was founded by Max Briesse in September of...
Hotchkiss Insurance Acquires Texas’ InCore Group
Nov 14 2023 // Hotchkiss Insurance has acquired InCore Group, an independent insurance consulting agency serving Texas, Oklahoma, and New Mexico. This move expands Hotchkiss’ footprint for commercial insurance and employee benefits...
Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd.
Nov 14 2023 // The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England. Financial details of the transaction were not disclosed. Established in 1964,...
Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers
Nov 14 2023 // Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and...
Specialty Program Group Acquires Illinois’ Insurance Allies
Nov 13 2023 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, announced that it has acquired the assets of Insurance Allies LLC (Insurance Allies), an industry leader in the...
Risk Strategies Acquires New York’s Prince Associates
Nov 9 2023 // National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent...
Goldman Sachs Asset Management Acquires Indiana-Based MGA DOXA Insurance Holdings
Nov 8 2023 // DOXA Insurance Holdings announced it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management. The Fort Wayne, Indiana-based MGA said the investment will help fuel its ongoing acquisition...
China’s Ping An Sold Stake in Country Garden, Has No Plans to Buy the Troubled Firm
Nov 8 2023 // Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, refuting a report that sent the insurance giant’s stock...
Gallagher to Buy Evans Bank Insurance Operations in Western New York for $40 Million
Nov 8 2023 // Western New York’s Evans Bancorp, Inc. has agreed to sell its insurance agency operation, The Evans Agency, to global insurance broker Arthur J. Gallagher & Co. for $40 million. The net gain on sale, on an...
Liberty Brokers Acquires Massabni Insurance in Maryland
Nov 8 2023 // The Liberty Company Insurance Brokers continues its growth with the acquisition of Massabni Insurance & Financial, a veteran and family-owned agency in Hyattsville, Maryland. The deal was made in partnership with...
