Insurance Agency Mergers and Acquisitions Decline in First Quarter [Yahoo! Finance]
Arthur J. Gallagher & Co. (AJG)
Last arthur j. gallagher & co. earnings: 4/30 04:15 pm
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Source: Yahoo! Finance
CHICAGO, IL / ACCESSWIRE / April 23, 2024 / There were 155 announced insurance agency mergers and acquisitions in the first quarter of 2024, down 18% from 188 in the same period in 2023, according to OPTIS Partners' M&A database. This marks the slowest quarter since the second quarter of 2020, in the depths of the pandemic. Five consecutive quarters have fallen below the long-term trend line from a deal-count perspective. "On a trailing 12-month basis, we're back to levels that we last witnessed at the end of 2020," said Steve Germundson, a partner at OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry A few big buyers pulling back had an outsized impact. "Although a few very active buyers have stood down over the past year to integrate operations, bolster balance sheets, or reconsider their strategy, a healthy number of buyers are still pursuing deals," said OPTIS managing partner Timothy J. Cunningham. BroadStreet and
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AJG
Earnings
- 4/25/24 - Miss
AJG
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- AJG's page on the SEC website