Arthur J. Gallagher & Co. acquired Tompkins Insurance Agencies, Inc. for $183 million, net of a $40 million tax benefit. The transaction adds roughly $40 million in pro‑forma revenue and $16 million in EBITDAC to AJG’s portfolio for the trailing 12 months ended June 30 2025.
The deal expands AJG’s presence in the Northeast, adding commercial and personal lines coverage and employee‑benefits consulting to its existing regional operations. It aligns with the company’s dual‑engine growth strategy of disciplined acquisitions and organic expansion.
AJG reported Q2 2025 revenue of $3.17 billion and an adjusted EBITDAC margin of 34.5%. Tompkins’ $40 million revenue represents about 1.3 % of AJG’s total revenue. In Q2 2025, AJG’s brokerage segment grew 17 % and its risk‑management segment grew 9 % year‑over‑year.
J. Patrick Gallagher, Jr. said the acquisition strengthens AJG’s footprint in New York and Pennsylvania, leverages Tompkins’ 150‑year history and client relationships, and supports AJG’s strategy of disciplined acquisitions.
Tompkins ranked #79 among Insurance Journal’s Top 100 Independent Agencies in 2025. The agency’s leadership and employees will remain with AJG, and Tompkins Financial Corp. views the sale as beneficial for the long‑term success of its employees and customers.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.