Gallagher sells Compass


Arthur J. Gallagher has completed the sale of its UK broker network business, Compass, in what it described as a "mutually agreed management buyout for an undisclosed sum".

In April this year Gallagher confirmed that it was in talks with Compass about an MBO.

The consolidator said the deal sees the Compass business transfer into wholly independent ownership, having become part of Gallagher following the acquisition of the Giles Group in November 2013.

According to Gallagher, Compass has

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