Gallagher has officially completed the integration of Woodruff Sawyer, which will now operate fully under the Gallagher brand. The move comes after Gallagher’s previously announced acquisition of the San Francisco-based brokerage for $1.2 billion.
Woodruff Sawyer is known for providing commercial property and casualty, employee benefits, and risk management services, with a focus on middle-market and large clients, including firms in technology, construction, real estate, and private equity. The business maintains 14 offices across the U.S. and one in the U.K.
For the 12 months ending December 31, 2024, Woodruff Sawyer reported pro forma revenue of approximately $268 million and EBITDAC of $88 million, factoring in expected synergies. Integration and non-cash management retention costs are projected to total roughly $150 million over three years.
Andy Barrengos, leading the Woodruff Sawyer team, now operates within Gallagher’s U.S. retail property and casualty brokerage operations under the oversight of Peter Doyle. The integration strengthens Gallagher’s capabilities in management liability, construction, and real estate risk solutions, expanding its service offerings to existing and new clients.
The acquisition and integration mark a strategic step for Gallagher in consolidating its U.S. brokerage footprint and enhancing its expertise in key specialty sectors, while capturing operational synergies and expanding client reach.
