Mergers & Acquisitions — Down in 1st Quarter of 2024

Optis Partners tracks mergers and acquisitions in the agent and broker community. In a new report, Optis said M&A activity dropped 18% in the first quarter and now sits at the lowest level it has been since COVID hit in 2020.

There were 155 deals in the U.S. and Canada in the first quarter. That’s down from 188 in the first quarter of 2023. Most of the drop is because the two biggest wheeler-dealers of the last several years — Acrisure and PCF Insurance Services — have stopped doing so many deals.

Private-equity backed buyers and companies that are private did 71% of the deals in the first quarter. Publicly traded brokers had 12. Arthur J. Gallagher & Company did seven of them.

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