Arthur J. Gallagher & Co.* announced the acquisition of Reid Manson Ltd. located in Timaru, New Zealand. Terms of the transaction were not disclosed.
Founded more than 30 years ago, Reid Manson is a retail insurance broker providing commercial, rural, property, and personal lines insurance services to middle-market and individual clients throughout South and Mid-Canterbury, said a press release issued by the Itasca, Ill.-headquartered Arthur J. Gallagher.
Reid Manson specializes in developing tailored programs for commercial as well as small business, motor, home and contents insurance coverages, the statement added.
David Reid and his associates will continue to operate from their current locations in Timaru and Ashburton, New Zealand, under the direction of Carl O’Shea, CEO of Crombie Lockwood (NZ) Ltd., an Arthur J. Gallagher company.
“Reid Manson is a perfect example of a successful, client-focused team with a culture that will fit well within our Crombie Lockwood operation,” said J. Patrick Gallagher Jr., chairman, president and CEO.
“Their strong client relationships are a tribute to their high-level of quality service, and their depth of experience and specific geographic locations will further complement our solid New Zealand presence. We are pleased to welcome David and his colleagues to our growing Gallagher family of professionals,” he added.
*Arthur J. Gallagher & Co. has operations in 31 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
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