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Arthur J. Gallagher & Co. Acquires First Capital Financial Services

1. AJG acquires First Capital Financial Services in New Zealand, enhancing its services. 2. Transaction terms are undisclosed, indicating potential strategic alignment. 3. First Capital strengthens AJG's benefits consulting capabilities in the region. 4. New Zealand operations will be overseen by Gallagher's Australian HR consulting head.

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FAQ

Why Bullish?

Acquisitions typically lead to growth, similar to AJG's past successful expansions.

How important is it?

The acquisition improves AJG's market capabilities, indicating potential revenue growth.

Why Long Term?

Building regional presence may drive revenue growth over time, reflecting AJG's strategy.

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MMCBRO
, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of New Zealand-based First Capital Financial Services (First Capital) and its affiliate First Capital Wealth Management. Terms of the transaction were not disclosed. First Capital is a financial advisory firm providing wealth management, risk management and employee benefits services to corporate clients and individuals throughout New Zealand from offices in Christchurch and Auckland. Hugh Percy and the First Capital team will operate under the direction of Graham Campbell, head of Gallagher's employee benefits and HR consulting operations in Australia and New Zealand. "First Capital has a client-focused culture like our own and offers an excellent opportunity to expand our benefits consulting capabilities in the region," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Hugh and his associates to our growing, global team." Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants. SOURCE Arthur J. Gallagher & Co. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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