Just over a month since insurance brokerage Arthur J. Gallagher & Co. said it had a definitive agreement in place to buy Woodruff Sawyer for $1.2 billion, the deal is closed.
Gallagher said April 10 that the acquisition of San Francisco-based Woodruff Sawyer, announced early March, is complete.
According to previously released details, Woodruff Sawyer CEO Andy Barrengos will operate under the direction of Peter Doyle, head of Gallagher’s U.S. retail property/casualty brokerage operations.
The deal follows Gallagher’s much larger late 2024 agreement to acquire AssuredPartners for $13.45 billion for add to its middle-market reach. The AssuredPartners buy has yet to be completed. In March, Gallagher said the Federal Trade Commission requested more information and that the transaction is now expected to close in the second half of 2025.
Woodruff Sawyer’s 600 or so employees offer commercial property/casualty products, employee benefits solutions, and risk management services from 14 U.S. offices and one U.K. office.
Employee-owned Woodruff Sawyer ranked 24th in Insurance Journal’s 2024 Top 100 Independent Property/Casualty Agencies, with P/C revenue of about $214.7 million. Orlando, Florida-based AssuredPartners ranked fifth on Insurance Journal‘s list.
Topics A.J. Gallagher
Was this article valuable?
Here are more articles you may enjoy.
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut 
Forecasters Warn of ‘Potentially Catastrophic’ Storm From Texas to the Carolinas 
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
