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Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2 Billion
Expansion of Business and Offerings
Arthur J. Gallagher has announced a $1.2 billion acquisition of insurance broker Woodruff Sawyer. This move will strengthen Gallagher’s management liability, construction, real estate, and cyber insurance offerings while expanding its presence on the U.S. West Coast.
Continued Industry Consolidation
The insurance brokerage industry has seen a rise in mergers and acquisitions as firms seek to expand their middle-market segment. Gallagher’s latest acquisition follows its $13.5 billion purchase of AssuredPartners in December.
About Woodruff Sawyer
Headquartered in San Francisco, Woodruff Sawyer provides property and casualty insurance, employee benefits, and risk management services. Founded in 1918, the company has grown into a leading insurance brokerage, particularly known for its expertise in Directors and Officers (D&O) insurance, which protects corporate leadership from legal claims.
Workforce and Revenue
Woodruff Sawyer has over 600 employees and operates 14 offices in the U.S. and one in the U.K. The company reported pro forma revenue of approximately $268 million for the year ending December 31. Following the acquisition, its employees will integrate into Gallagher under the leadership of Peter Doyle, head of Gallagher’s U.S. retail property and casualty brokerage operations.
Expected Closing Date
The transaction is set to be finalized in the second quarter of 2025.
“Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2 Billion”