Mergers & Acquisitions — 2024’s Final Count
Published January 28, 2025 at 1:36 PM · News Releases and Bulletins
Optis Partners issued its final report for mergers and acquisitions for 2024. There were 750 of them, down 10% from the 833 that happened in 2023. Steve Germundson, an Optis partner, said of the 750 there were three “giant” deals.
“There is a general pullback in the pace of acquisition for more than half of the historically most-active buyers,” Germundson said.
Optis partner, Tim Cunningham said the three biggest deals alluded to by Germundson were done by the three largest brokerages in the world. Aon did a $13 billion purchase of NFP Corporation. Marsh & McLennan bought McGriff Insurance Services for $7.75 billion and Gallagher picked up AssuredPartners for $13.45 billion.
“We think there could be some more large deals in the next 12-24 months, though likely not of the magnitude of these three,” Cunningham said. “Nonetheless, the chase for scale continues.”
These are the eight companies that did the most acquisitions in the last decade:
- Acrisure
- Hub International
- Broadstreet Partners
- AssuredPartners
- Arthur J. Gallagher
- PCF Insurance Services — now rebranded as Trucordia
- World Insurance Associates
- Alera
In the past 10 years they’ve accounted for 42% of all deals. Last year that group accounted for 36% of them. And, in 2024, only Broadstreet, Trucordia and Alera had an increase in deals. Broadstreet led the pack with 90 deals, Hub International did 61 and Inszone Insurance services had 48.
Lastly, the Optis report said in the fourth quarter of 2024 there were 199 deals announced. That’s down 16% down from December of 2023.
Here is a list to give you an idea of the numbers of mergers and acquisitions in the last 10 years:
- 2024: 750
- 2023: 833
- 2022: 1,031
- 2021: 1,108
- 2020: 805
- 2019: 658
- 2018: 643
- 2017: 611
- 2016: 461
- 2015: 457
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