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AJG to acquire Woodruff Sawyer for $1.2B, adding commercial property/casualty products, benefits solutions &amp; risk management for large clients.

Arthur J. Gallagher Snaps Up Woodruff Sawyer For $1.2 Billion: Details

On Tuesday, Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>) reached a definitive agreement to acquire <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44129708/arthur-j-gallagher-co-announces-agreement-to-acquire-woodruff-sawyer" rel="noreferrer noopener">Woodruff Sawyer</a><a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44129708/arthur-j-gallagher-co-announces-agreement-to-acquire-woodruff-sawyer" rel="noreferrer noopener"> for $1.2 billion</a>.



Operating from 14 U.S. offices and one U.K. office, Woodruff Sawyer&nbsp;specializes in management liability, construction, and real estate.&nbsp;



Woodruff offers a comprehensive range of commercial property/casualty products, employee benefits solutions, and risk management services, primarily serving middle and large-market clients.



For the trailing 12 months ending December 31, 2024, Woodruff Sawyer&#8217;s pro forma revenues and EBITDAC (including expected synergies) were approximately $268 million and $88 million, respectively.



The company expects integration costs and anticipated non-cash management retention expenses to reach $150 million over the next three years.



The Woodruff Sawyer&nbsp;team, led by&nbsp;Andy Barrengos, will operate under the direction of&nbsp;Peter Doyle, head of Gallagher&#8217;s U.S. retail property/casualty brokerage operations.



The transaction, pending regulatory approval, is expected to close in the second quarter of 2025.



Recently, the company disclosed several acquisitions, which include buyout of New Zealand-based RMA General Limited (RMA) and its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44096293/arthur-j-gallagher-co-acquires-rma-general-limited" rel="noreferrer noopener">associated insurance broking businesses</a>, Minnesota-<a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44076731/arthur-j-gallagher-co-acquires-dyste-williams" rel="noreferrer noopener">based Dyste Williams</a>, and Brazil-<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n44006157/arthur-j-gallagher-co-acquires-case-group" rel="noreferrer noopener">based Case Group</a>.



In January, Arthur reported fourth-quarter 2024 EPS of $1.12, missing the $1.35 estimate, while sales of $2.716 billion <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43353108/arthur-j-gallagher-co-announces-fourth-quarter-and-full-year-2024-financial-results" rel="noreferrer noopener">exceeded the $2.690 billion estimate</a>.



As of December 31, 2024, cash and cash equivalents stood at $14.987 billion.



Investors can gain exposure to the stock via&nbsp;Guru Favorite Stocks ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFGF#NASDAQ">GFGF</a>) and&nbsp;Harbor ETF Trust Harbor Dividend Growth Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDIV#NYSE">GDIV</a>).



Price Action: AJG shares are down 0.28% at $336.31 premarket at the last check Wednesday.



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