Gallagher reveals £264.5m cost of Stackhouse Poland deal
The long-rumoured deal was finally announced in January this year.
Arthur J Gallagher has revealed the purchase price of Stackhouse Poland as $350m (£264.5m) in a US filing.
The document showed that on 22 December 2018, it signed a definitive agreement to acquire 100% of the equity of Stackhouse Poland Group for a cash consideration.
The transaction is subject to regulatory approval and is expected to close in the first quarter of 2019.
The deal was subject to market rumour for a number of months – indeed in June last year Stackhouse CEO Tim Johnson
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