2021 M&A News

Gallagher Bassett Services Acquires Total Safety Consulting and Its Affiliates

Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Bayonne, New Jersey-based Total Safety Consulting LLC (TSC) and its affiliates, including TSC Training Academy LLC (TSCTA). Terms of the transaction were not disclosed. …

AssuredPartners Acquires Massachusetts’ Lehrer & Madden Insurance Agency

AssuredPartners, Inc. has acquired Lehrer & Madden Insurance Agency Inc. of Natick, Massachusetts. Lehrer & Madden is AssuredPartners’ first acquisition in May and its 17th acquisition in 2021. The team will remain under the leadership of Lehrer & Madden President …

USI Insurance Services Acquires Northwest Insurance Service’s Insurance Business

USI Insurance Services (USI), a provider of risk management, employee benefit and retirement plan consulting, has completed its acquisition of the insurance business offered through Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares Inc. Northwest Insurance Services …

Amwins Acquires Equine, Canine Specialist Broker Equisure

Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse and dog owners, trainers and organizations. Equisure provides professional liability, general liability, and directors and officers liability for equine and …

Gallagher Acquires Australia’s Mutual Brokers

Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory (ACT)-based Terms of the transaction were not disclosed. Founded in 1985, Mutual Brokers is an independent broker serving a broad …

London MGA Optio Acquires Nuclear Insurance Specialist MGA Northcourt

LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property and liability risks globally, with clients across …

Alera Group Acquires New Jersey’s Duryea Agency

Alera Group, a financial services and risk management company, has acquired Duryea Agency, an insurance agency providing personal insurance and business insurance for clients across New Jersey and beyond. Duryea Agency is a New Jersey-based insurance agency that offers products, …

IMA Financial Group Acquires California’s Bolton

Denver-based insurance brokerage IMA Financial Group said it is expanding to California by acquiring Bolton & Co. in a transaction effective May 1, 2021. The combined brokerage firm will employ 1,200 associates and generate annualized revenues of more than $300 …

Insurity Completes Acquisition of Instec

Property/casualty insurance software firm Insurity has completed its acquisition of Instec, a cloud software maker for mid-size property/casualty carriers, managing general agencies and specialty insurers. Terms of the acquisition were not disclosed. Insurity said the deal further increases its support …

Alera Group Acquires New York’s The Waterford Group

Alera Group, a financial services and risk management company, has acquired The Waterford Group, a Rochester, New York-based retirement plan specialist providing consulting and fiduciary services to companies. Following the acquisition, The Waterford Group team will continue serving clients in …