Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory (ACT)-based Terms of the transaction were not disclosed.
Founded in 1985, Mutual Brokers is an independent broker serving a broad cross-section of commercial and small corporate clients in Canberra and the ACT.
Owners Lou Pennetta and Adrian Dodd, and their team, will come under the direction of head of Metro Branches Mark Saunderson and will relocate to join the Gallagher Canberra branch later in the year.
said J. Patrick Gallagher, Jr., Chairman, President and CEO said Mutual Brokers doubles his firm’s presence and expands its capabilities in the Canberra market.
U.S.-based Arthur J. Gallagher & Co. has operations in 56 countries and offers services in more than 150 countries.
Topics Mergers & Acquisitions Agencies Australia A.J. Gallagher
Was this article valuable?
Here are more articles you may enjoy.
Some College Finals Delayed After Canvas Online Platform Hacked 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Uber and FedEx Get Green Light for Racketeering Suit Against Lawyers, Doctors 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
