Its 600 employees will join Gallagher when the acquisition is complete. No layoffs are expected, according to a Gallagher spokesperson. The deal is pending regulatory approval and is expected to close in the second quarter of 2025.Gallagher, listed on the New York Stock Exchange, has more than 3,100 employees in the Chicago area and a total global workforce of nearly 56,000. It provides services in more than 130 countries.Gallagher, which also offers risk management and consulting services, was founded in Chicago by Arthur J. Gallagher in 1927.Its purchase of Woodruff Sawyer is the latest in a string of recent acquisitions. In December, the company announced the acquisition of Orlando-based insurance broker AssuredPartners for $13.45 billion.