#United States #Arthur J. Gallagher #Batavia #Tompkins Insurance #NY Insurance

Acquisition of Tompkins Insurance Agencies by Arthur J. Gallagher & Co.

On November 3, 2025, Arthur J. Gallagher & Co., a global leader in insurance brokerage and risk management, announced its acquisition of Tompkins Insurance Agencies, Inc. This well-established firm, based in Batavia, New York, is known for offering a diverse range of property, casualty, and employee benefits insurance services across New York and Pennsylvania.

Tompkins Insurance Agencies operates as a subsidiary of Tompkins Financial Corporation (NYSE: TMP) and has a strong presence in the regional insurance market. David Boyce, the president of Tompkins Insurance, along with his dedicated team, will continue their operations at their current location. They will report directly to Brendan Gallagher, who heads Gallagher's Northeast region retail property/casualty brokerage, and Scott Sherman, who oversees the Northeast region employee benefits consulting and brokerage operations.

As stated by J. Patrick Gallagher, Jr., the Chairman and CEO of Gallagher, this acquisition is a strategic move into enhancing their brokerage capabilities. He emphasized the excellent reputation of Tompkins Insurance, which will significantly complement Gallagher’s offerings in commercial lines, personal lines, and employee benefits. Gallagher views Tompkins as a prestigious addition that aligns with their growth objectives in the Northeast region.

For the trailing twelve months ending June 30, 2025, Tompkins Insurance reported approximately $40 million in pro forma revenues, with EBITDAC reaching about $16 million. The acquisition deal concluded at $183 million, net of Gallagher's projected tax benefits associated with the transaction, approximately valued at $40 million.

Arthur J. Gallagher & Co., with its headquarters in Rolling Meadows, Illinois, operates in approximately 130 countries. The company is known for its comprehensive range of insurance brokerage, risk management, and consulting services, which set it apart in a competitive market. This acquisition solidifies Gallagher’s position as a dominant player in the North American insurance sector, further expanding its capabilities to serve clients with diverse needs.

Conclusion

The acquisition of Tompkins Insurance by Arthur J. Gallagher & Co. marks a significant step in strengthening Gallagher’s portfolio and service capabilities in the insurance landscape. This strategic move illustrates Gallagher's commitment to growth and excellence in providing comprehensive insurance solutions across varied sectors.