Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub Acquires Cargill Agency of Massachusetts
May 7 2024 // Insurance broker Hub International Limited announced it has acquired the assets of William R. Cargill Insurance Agency, Inc. Terms of the transaction were not disclosed. Based in Topsfield, Massachusetts, Cargill Insurance...
USI Insurance Services Acquires Texas’ Hignojos Insurance Agency
May 6 2024 // USI Insurance Services announced the acquisition of Odessa, Texas-based Hignojos Insurance Agency. Founded in 2009, Hignojos Insurance Agency is an independent brokerage firm specializing in commercial and personal risk...
Arthur J. Gallagher & Co. Buys Health Insurance Consultants Australia
May 6 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not...
Hub Acquires Williams Insurance Services in California
May 6 2024 // Hub International Ltd. acquired Merriwether & Williams Insurance Services Inc. Merriwether & Williams has locations in San Francisco and Los Angeles, California, The firm provides contractor development abd bonding...
Inszone Insurance Acquires Tri-Cities Insurance Professionals in Washington
May 6 2024 // Inszone Insurance Services acquired Tri-Cities Insurance Professionals LLC, a multi-member managed broker agency in Pasco, Washington. Tri-Cities Insurance Professionals was founded by Craig Baumgartner, Gerald Tobias,...
Marsh McLennan Agency Acquires Long Island Broker AC Risk Management
May 3 2024 // Marsh McLennan Agency, a subsidiary of Marsh, reported it has acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York. Terms of the acquisition were not disclosed. Founded...
Patriot Expands In New York, Acquiring Long Island’s Lupton & Luce
May 3 2024 // National insurance firm Patriot Growth Insurance Services has acquired Lupton & Luce, a property/casualty agency is based in Riverhead, New York. Established in 1939, the agency is led by Hallock Luce IV and deeply...
PCF Insurance Acquires Georgia, Texas Brokerages
May 2 2024 // PCF Insurance Services, an insurance brokerage operating in 40 states, has acquired All Star Insurance in Venus, Texas, and Encore Advisors, based in Norcross, Georgia. Utah-based PCF said in a news release this week that...
Missouri Supreme Court Strikes Down 2022 Vote on KC Police Funding
May 2 2024 // The Missouri Supreme Court on Tuesday took the unusual step of striking down a 2022 voter-approved constitutional amendment that required Kansas City to spend a larger percentage of its money on the police department, and...
Acrisure Acquires Scottish Broker WH&R McCartney
May 2 2024 // Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has acquired Scottish insurance broker, WH&R McCartney. Based in Motherwell and led by Graeme Robb and Alan Kirkwood,...
Neptune Flood Acquires Data Science Firm to Enhance Its AI-Driven Flood Insurance
May 2 2024 // Private flood insurer Neptune Flood reported it has acquired Charles River Data, a Boston-based data science consulting group. According to Neptune, the strategic move will bolster its underwriting system through advanced...
Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch
May 1 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority...
Ardonagh to Acquire Italian Commercial Lines Business Mansutti S.r.l
Apr 30 2024 // The Ardonagh Group, the London-based insurance distribution platform, announced it has agreed to acquire Mansutti S.r.l, the commercial lines business of Italian insurance broker, Mansutti SpA. Financial details of the...
Inszone Acquires Van Oppen & Co. 2 in Wyoming
Apr 30 2024 // Inszone Insurance Services acquired Van Oppen & Co. 2 in Wyoming. Founded in 2008 by Rick van Oppen, the firm has specialized in serving the needs of the architectural, engineering and environmental...
Florida Governor Signs Wind-Mitigation Funding Bills for Homes, Condos
Apr 29 2024 // Florida’s governor has signed two bills that will provide more matching grants for homeowners and condominium associations to fortify properties against the growing threat of windstorms. Senate Bill 7028 will send an...
Connecticut M&A Advisor Agrees to Pay $1.5M to Settle Data Breach Class Action
Apr 26 2024 // Merritt Healthcare Advisors, a Connecticut mergers and acquisitions (M&A) advisory firm for healthcare practices, has agreed to a $1.525 million settlement of a class action stemming from a 2022 data breach. The money...
Aon Completes $13B Acquisition of Middle-Market Broker NFP
Apr 26 2024 // Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. Closing was earlier than...
ALKEME Acquires Illinois’ Ralph Weiner & Associates
Apr 25 2024 // ALKEME announced the acquisition of Ralph Weiner & Associates, a retail insurance agency based in Wheeling, Illinois. Established in 1951, Ralph Weiner & Associates has earned acclaim for its specialized focus on...
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M
Apr 24 2024 // Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast—Fisher Brown Bottrell Insurance, Inc. Marsh McLennan Agency will pay $315.9 million...
Catastrophe Monitoring Firm ICEYE Completes $93 Million Funding Round
Apr 24 2024 // ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round. The financing will further accelerate investment in...
