Sidley is representing Arthur J. Gallagher & Co. (Gallagher) in its definitive agreement to acquire AssuredPartners. Under the agreement, Gallagher will acquire the stock of AssuredPartners’ parent company for gross consideration of US$13.45 billion, representing a pro forma EBITDAC multiple of 14.3x. After giving effect to an estimated US$1.0 billion deferred tax asset, net consideration is approximately US$12.45 billion. The net consideration EBITDAC multiple is 11.3x after giving effect to the deferred tax asset and estimated synergies.
The transaction is subject to customary regulatory approvals and is expected to close during the first quarter of 2025.
The Sidley deal team is led by Brian Fahrney, Sean Carney, and Brent Steele, and includes Travis Miller, Peter Riley, Lisa Holzman, Jack Cadden, and Anthony Imburgia (M&A and Private Equity). Additional team members include Ian Helmuth, Ed Perry, Pedro Sacadura Botte, Yeonjoo Ban, and Emmanuel Okoli (M&A and Private Equity); Stephanie Dobecki, James Phythian-Adams, Andrea Hynes, K.C. Nipper, Julie Rodriguez, Sharon DiPrinzio, Luqman Swift, and Omeed Malek (Insurance); Suresh Advani and Tyler Replogle (Tax); James Lowe, Laura Collins, Miriam Carroll Silvestri, Vincent Brophy, and Rosanna Connolly (Antitrust and Competition); Lauren Gallagher, Karim Pirani, and Ryan McLeod (Employee Benefits and Executive Compensation); Teresa Reuter, Peter McCorkell, Emily Wajert, Alex Down, and Nicole Kwan (Labor, Employment and Immigration); Kelly Dybala, Daniel Burkhart, and Christopher Gleason (Global Finance); Michael Heinz (Capital Markets); Anna Remis, Robert Kelly, and Natalie Crawford (Technology and Life Sciences Transactions); Elizabeth McCloy and Brandon Bryer (Real Estate); Thomas Cunningham, Francesca Blythe, Stephen McInerney, Sasha Hondagneu-Messner, and Anila Rayani (Privacy and Cybersecurity); Sven De Knop, Christopher Lock, and Alessandra Moroni (Global Arbitration, Trade and Advocacy); Daniel Rubinstein (White Collar Defense and Investigations); and David Katz, Joanna Travalini, and Morgan Pino (Securities Enforcement and Regulatory).~~Sidley is representing Arthur J. Gallagher & Co. (Gallagher) in its definitive agreement to acquire AssuredPartners. Under the agreement, Gallagher will acquire the stock of AssuredPartners’ parent company for gross consideration of US$13.45 billion, representing a pro forma EBITDAC multiple of 14.3x. After giving effect to an estimated US$1.0 billion deferred tax asset, net consideration is approximately US$12.45 billion. The net consideration EBITDAC multiple is 11.3x after giving effect to the deferred tax asset and estimated synergies.
The transaction is subject to customary regulatory approvals and is expected to close during the first quarter of 2025.
The Sidley deal team is led by Brian Fahrney, Sean Carney, and Brent Steele, and includes Travis Miller, Peter Riley, Lisa Holzman, Jack Cadden, and Anthony Imburgia (M&A and Private Equity). Additional team members include Ian Helmuth, Ed Perry, Pedro Sacadura Botte, Yeonjoo Ban, and Emmanuel Okoli (M&A and Private Equity); Stephanie Dobecki, James Phythian-Adams, Andrea Hynes, K.C. Nipper, Julie Rodriguez, Sharon DiPrinzio, Luqman Swift, and Omeed Malek (Insurance); Suresh Advani and Tyler Replogle (Tax); James Lowe, Laura Collins, Miriam Carroll Silvestri, Vincent Brophy, and Rosanna Connolly (Antitrust and Competition); Lauren Gallagher, Karim Pirani, and Ryan McLeod (Employee Benefits and Executive Compensation); Teresa Reuter, Peter McCorkell, Emily Wajert, Alex Down, and Nicole Kwan (Labor, Employment and Immigration); Kelly Dybala, Daniel Burkhart, and Christopher Gleason (Global Finance); Michael Heinz (Capital Markets); Anna Remis, Robert Kelly, and Natalie Crawford (Technology and Life Sciences Transactions); Elizabeth McCloy and Brandon Bryer (Real Estate); Thomas Cunningham, Francesca Blythe, Stephen McInerney, Sasha Hondagneu-Messner, and Anila Rayani (Privacy and Cybersecurity); Sven De Knop, Christopher Lock, and Alessandra Moroni (Global Arbitration, Trade and Advocacy); Daniel Rubinstein (White Collar Defense and Investigations); and David Katz, Joanna Travalini, and Morgan Pino (Securities Enforcement and Regulatory).
Dec 9
Deal Summary
