Illinois-based Arthur J. Gallagher & Co. announced last Monday, August 3rd, that it has completed its acquisition of Boston’s William Gallagher Associates. As reported in Agency Checklists on June 23rd, the Illinois-based international broker had signed a definitive agreement with the Boston brokerage firm for an undisclosed amount. [Click her for our previous article announcing the acquisition]
Commenting on the transaction earlier this summer, Arthur J. Gallagher’s President and CEO J. Patrick Gallagher, Jr. noted the similarities between both firms which will streamline the merger between the two firms.
The WGA acquisition gives us a wonderful opportunity to significantly expand our operating platform in the Eastern U.S. and market presence in two of our core businesses. Their growth strategy, operating structure and sales culture are all very similar to ours, which should make for a successful integration process,” he noted. “With our combined resources, we will also be able to offer additional and expanded sales and service capabilities to our P/C and benefits clients. We are extremely pleased to welcome Phil, Pat and their colleagues to our growing Gallagher family of professionals.”
William Gallagher Associates has been based in Boston since 1983
Founded in 1983, William Gallagher Associates is a commercial retail property/casualty and employee benefits insurance brokerage firm. With annualized revenues of $50 million, WGA services a variety of complex insurance needs to its middle-market and large, fast-growth clients. For the Boston brokerage firm, joining Arthur J. Gallagher is a way in which to bring a more international reach to its clients.
“Joining Arthur J. Gallagher & Co. brings new resources and global reach to our clients,” said Philip Edmundson, Chairman and CEO of William Gallagher Associates. “Their great reputation for integrity, growth, and being one of the best places to work in this or any industry leaves me and my colleagues excited about this merger.”