McKee Risk Management Acquired by Arthur J. Gallagher | Financial Services M&A Deal

Arthur J. Gallagher has completed the acquisition of McKee Risk Management, a insurance brokerage business in Pennsylvania, for $2.5 billion. McKee Risk Management is a King of Prussia, PA program administrator providing underwriting, policy administration, claims coordination, and risk management services for construction, public entity, and property programs. Arthur J. Gallagher acquires McKee Risk Management to expand its wholesale brokerage, binding authority, and programs capabilities through RPS’s program administration division. The Arthur J. Gallagher acquisitions are structured as an add on acquisition and strategic acquisition, with McKee’s leadership team operating under RPS. Financial services M&A and financial services deals PA continue to grow as this bolt-on acquisition scales program administration and underwriting expertise, with terms not disclosed.