Arthur J. Gallagher to acquire Woodruff Sawyer for $1.2B

Arthur J. Gallagher (AJG) & Co. announced it has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer. The transaction is subject to regulatory approval and is expected to close during the second quarter of 2025. “Woodruff Sawyer has an outstanding reputation in our industry, and we have long admired their niche expertise and client-focused culture. Our complementary strengths will enhance the value we deliver to our clients and significantly expand our capabilities,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I look forward to welcoming Andy and the more than 600 Woodruff Sawyer colleagues to our growing Gallagher family of professionals.” Woodruff Sawyer pro forma revenues and EBITDAC for the trailing 12 months ended December 31, 2024 were approximately $268M and $88M, respectively. Under the agreement, Gallagher will acquire Woodruff Sawyer for consideration of $1.2B. Integration costs and expected non-cash management retention costs are expected to total $150M over the next 3 years.