Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2B
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Woodruff Sawyer for $1.2 billion.
Andy Barrengos, leader of San Francisco-based Woodruff Sawyer, 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 agreement to acquire AssuredPartners for $13.45 billion.
Woodruff Sawyer, which offers commercial property/casualty products, employee benefits solutions and risk management services with a focus on middle and large market clients, operates from 14 U.S. offices and one U.K. office.
Woodruff Sawyer’s reported pro forma revenues and EBITDAC (including expected synergies) for the trailing 12 months ended December 31, 2024, were $268 million and $88 million respectively.
Under the agreement, Gallagher will acquire Woodruff Sawyer for $1.2 billion. Integration costs and expected non-cash management retention costs are expected to total $150 million over the next three years.
The deal is subject to regulatory approval and is expected to close during the second quarter of 2025.
Arthur J. Gallagher is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois.
Topics
Mergers & Acquisitions
A.J. Gallagher
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