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Gallagher Acquires Bremer Insurance Agencies from Old National Bancorp
ByAinvest
Tuesday, Sep 9, 2025 4:51 pm ET1min read
Arthur J. Gallagher has acquired Bremer Insurance Agencies, a subsidiary of Old National Bancorp. Bremer Insurance is a property and casualty insurance broker based in St. Paul, Minnesota. The terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has expanded its retail brokerage presence in the Upper Midwest with the acquisition of Bremer Insurance Agencies, a subsidiary of Old National Bancorp (NASDAQ:ONB). The acquisition, announced on Tuesday, will allow Gallagher to strengthen its position in the region, following a robust 11.2% revenue growth over the last twelve months [1].Bremer Insurance Agencies, headquartered in St. Paul, Minnesota, specializes in property/casualty insurance brokerage services for commercial, agricultural, and personal lines clients across Minnesota, North Dakota, and Wisconsin. The firm became part of Old National Bancorp following the acquisition of Bremer Bank [2].
The financial terms of the transaction were not disclosed. Travis Hoaglund and his team will continue operations under the direction of Sean Gallagher, who leads Gallagher’s Great Lakes region retail property/casualty brokerage operations [1].
"Bremer Insurance Agencies has an excellent record of client service and will expand our retail brokerage offerings in the Upper Midwest," said J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co. [1].
This acquisition is part of Gallagher's ongoing strategy to enhance its global presence and operations. In the second quarter of 2025, the company reported earnings that slightly missed forecasts, with an adjusted EPS of $2.33 and revenue of $3.17 billion [1]. Additionally, Gallagher has completed its acquisition of AssuredPartners, marking the largest acquisition in its history, and has acquired MACK Insurance Services, an Australian broker specializing in agriculture [1].
Goldman Sachs has reinstated coverage on Arthur J. Gallagher with a Buy rating, setting a price target of $344.00, and anticipates the acquisition to contribute significantly to earnings by 2027 [1].
References:
[1] https://ng.investing.com/news/company-news/arthur-j-gallagher-acquires-bremer-insurance-agencies-93CH-2098156
[2] https://www.investing.com/news/company-news/arthur-j-gallagher-acquires-bremer-insurance-agencies-93CH-4231545
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