Arthur J. Gallagher & Co. Acquires Altman Insurance Services

Oct 04, 2023•almost 2 years ago

Acquiring Company

Gallagher

Acquired Company

Altman Insurance Services

Rolling MeadowsFinancial ServicesFinance

Description

Arthur J. Gallagher & Co. today announced the acquisition of Louisville, Kentucky-based WLA Insurance, LLC, dba Altman Insurance Services. Terms of the transaction were not disclosed.

Company Information

Company

Gallagher

Location

Rolling Meadows, Illinois, United States

About

Gallagher, a global insurance brokerage, risk management, and consulting firm, serves communities around the globe, helping clients address risk, protecting assets, and recovering from losses. The products and services we provide keep businesses and institutions running, and enable individuals and families to face their future with confidence.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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Arthur J. Gallagher & Co. Acquires Altman Insurance Services

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