Arthur J. Gallagher has acquired The Oval Group (Oval), a UK-based brokerage and financial services firm, for approximately £199 million.
As part of the deal, Oval Healthcare and Oval Financial Services will now become part of the UK-based specialist consultancy Arthur J Gallagher Employee Benefits, headed by CEO Tim Johnson.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The combined operation will now have 14 offices and more than 230 employees across the UK.
The deal will add eight new branch locations including Nottingham, Glasgow, Leeds, Bristol and Lytham St Anne’s and will see over 160 people joining the combined operation from The Oval Group.
Additionally, Oval’s CEO Peter Blanc will head Gallagher’s combined UK retail division, while Oval’s benefits and wealth management business will become part of Gallagher’s UK based benefit and consulting specialist operations.
Under the deal, about 1,000 Oval associates will remain with the combined entity.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPatrick Gallagher, chairman, president and CEO of Arthur J. Gallagher said: "Oval will significantly expand our retail distribution and firmly positions Gallagher as a top three U.K. retail commercial broker operating from 70 locations. With the addition of over 1,000 Oval associates, we will add extensive expertise and experience to our upper and middle-market client capabilities."
Peter Blanc said: "Together, we expect to deliver unparalleled service and expertise in the ever changing insurance brokerage marketplace and continue our common strategies of growing organically and through complementary mergers."
