Arthur J. Gallagher & Co. announced it has completed its acquisition of a minority stake in Renomia a.s., the Prague, Czech Republic-based broker.
Financial terms of the deal, which was first announced in June 2019, were not disclosed.
Founded in 1993 by Jirina Nepalova and her sons, Jiri and Pavel, Renomia is the largest independent broker based in the Central and Eastern European (CEE) region, with more than 1,500 colleagues serving clients under the Renomia brand, via its extensive franchise partner network, explained Rolling Meadows, Ill.-based Gallagher.
Renomia primarily serves commercial clients in seven countries — Czech Republic, Slovakia, Romania, Hungary, Serbia, Bulgaria and Croatia. It also operates an extensive franchise network in the rest of the CEE region.
Source: Arthur J. Gallagher & Co.
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