Lawrence Graham has advised Arthur J. Gallagher & Co ("Gallagher"), the international insurance broking and risk management services firm, on its acquisition of the The Oval Group ("Oval") for a total net consideration of £199 million.

Established in 2003, Oval is an independent commercial insurance broking and financial services business, headquartered in London, with 24 office locations stretching from Aberdeen to Exeter and just over 1,000 employees.  It is expected to generate more than £80 million in annualised revenue across the operating units and over £22 million of annualised EBITDAC – before integration costs – growing to £27 million in 2016.

The Lawrence Graham team was led by senior associate Sam Gray and included Geoff Gouriet, Michael Lacey, Michael Murphy, Adam Bushby, Meera Unadkat, Stewart Scott, Amy Pilmer, Alexandra Fothergill, Mark Rowan, Jameela Sastre, and Leanne Spencer-Harper. The Gallagher in house team was led by Bill McGowan and Bridget Lambie.