DEAL ANNOUNCEMENT / PRESS RELEASE
September 22, 2023
Read time: 3 min
McDermott Will & Emery represented Arthur J. Gallagher & Co. (Gallagher) in its acquisition of Eastern Insurance Group, LLC (Eastern Insurance), a subsidiary of Eastern Bank. Eastern Insurance offers comprehensive commercial property/casualty and personal lines products as well as employee benefits consulting to clients throughout the Northeast US.
Gallagher is a global insurance brokerage, risk management and consulting services firm providing services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants. Under the agreement, Gallagher will acquire the assets of Eastern Insurance for consideration of $510 million net of agreed seller funded expenses.
The McDermott team was led by Robert Clagg and included Heather Bethancourt, Betty Miguelina Brito, Michael Byrne, Brian Casillas, Margaret Cremin, Jonathan Ende, Matt Evola, Edward (Jed) Gordon, Daniel Zucker, Michael Halsband, Jeffrey Holdvogt, Jacob Hollinger, Brian Long, Alison Mackenzie, Brian Mead, Nick Paul, Wendy Phinny, Maxwell Preston, Brandon Sarkauskas, Marisa Young, David Saunders, Leigh Solomon and Ofir Tzoubari.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
