### Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2 Billion
Arthur J. Gallagher & Co., an insurance brokerage based in Rolling Meadows, Illinois, has announced its agreement to acquire Woodruff Sawyer, a San Francisco-based insurance brokerage, for $1.2 billion.
The deal is expected to close in the second quarter of 2025 and follows Gallagher’s 2024 agreement to acquire AssuredPartners for $13.45 billion, expanding its reach in the middle-market sector. Andy Barrengos, chairman and CEO of Woodruff Sawyer, will report to Peter Doyle, head of Gallagher’s U.S. retail property and casualty brokerage operations.
Woodruff Sawyer offers a comprehensive range of commercial property and casualty products, employee benefits solutions, and risk management services, with a focus on middle and large market clients.
“Woodruff Sawyer has an outstanding reputation in our industry, and we have long admired their niche expertise and client-focused culture,” said J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co. “I look forward to welcoming Andy and the more than 600 Woodruff Sawyer colleagues to our growing Gallagher family of professionals.”
