Wells Fargo: McGriff deal would cement US number three spot for Gallagher
Acquiring McGriff would add to Arthur J Gallagher’s US presence and cement its position as the number three broker with pro forma 2024 revenue of $13bn-$13.5bn, while a deal at 17x Ebitda could be close to breakeven in the first year, according to analysts at Wells Fargo.
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