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

1. AJG acquires New Zealand’s First Capital Financial Services for undisclosed terms. 2. First Capital enhances AJG's wealth and risk management consulting in New Zealand. 3. Hugh Percy and team will join AJG’s operations in Australia and New Zealand. 4. The acquisition aligns with AJG's client-focused culture and expansion strategy. 5. AJG operates in 130 countries, increasing market reach through this deal.

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FAQ

Why Bullish?

Acquisitions often enhance growth potential and profitability. Historical data shows positive stock movement post-acquisition for AJG.

How important is it?

The acquisition strengthens AJG's service offerings, likely impacting financial performance positively.

Why Long Term?

Benefits from this acquisition will take time to materialize and integrate.

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AONMMCWLTW
, /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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