Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has signed an agreement to acquire 100% of specialist UK insurance broker The Bollington Wilson Group.
The transaction will close following regulatory approval. Financial details of the deal were not disclosed.
Founded in 1973 as a local community broker, Bollington has since grown organically and through strategic acquisitions into a highly successful specialist UK insurance broker with more than 400 employees. Headquartered in Sale, England, Bollington also operates from offices in Liverpool, Bollington, Harrogate, Sutton, Coldfield, Stafford and Bolton. It has well-established divisions in small and medium-sized enterprises (SME), micro-SME and personal lines. The business will become part of Gallagher’s UK Retail Division, and Paul Moors, group CEO, will remain with Gallagher as Chairman of Bollington.
“Bollington will be a fantastic addition to Gallagher. Its entrepreneurial spirit and exceptional track record of growth, both organic and through acquisitions, demonstrates a strategy and culture similar to our own, something that is highly important to us when making acquisitions,” commented J. Patrick Gallagher Jr., chairman, president and CEO. “We look forward to welcoming the team to our growing, global company.”
Michael Rea, CEO of Gallagher’s UK Retail Division, said: “Bollington is hugely respected. This thriving business has strong capability and an impressive portfolio of specialisms that are complementary to our existing business lines, and will provide us with additional scale in the regional commercial broking sector.”
Arthur J. Gallagher & Co. has operations in 49 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
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