Arthur J. Gallagher & Co. Acquires Norway-Based Parisco AS

Arthur J. Gallagher & Co. announced the acquisition of Norway-based Parisco AS.

Terms of the transaction were not disclosed.

Founded in 2001, Parisco is a marine and energy broker, serving contractors, offshore service vessels, exploration and production, shipping, passenger vessels and renewable energy clients.

Dag Magne Torjussen and his team will join forces with Oslo-based Bergvall Marine, Gallagher’s existing specialist marine broker in Norway, under the direction of Anders Mjaaland, managing director.

“Parisco is a high-quality marine insurance specialist known and respected by our Bergvall colleagues in Norway for 20 years. Their union will deliver outstanding capabilities to our customers across the marine, energy and renewables sectors in Norway,” said J. Patrick Gallagher Jr., chairman, president and CEO, of Rolling Hills, Ill.-based Arthur J. Gallagher.

Source: Arthur J. Gallagher & Co.

Topics Mergers & Acquisitions A.J. Gallagher