PE sets heady pace for US broker M&A

The first month of 2017 brought no shortage of deal activity in
the distribution space, with AJ Gallagher announcing three
acquisitions and Marsh swooping in on J Smith Lanier.
And plenty more transactions are in the pipeline, according to
AJ Gallagher CEO Patrick Gallagher."Normally we see a lull in activity during the first
quarter but that has not been the case so far in 2017," he
told analysts last month. "We've already closed five
mergers for about $32mn of...