StockNews.AI
AJG
StockNews.AI
148 days

Arthur J. Gallagher & Co. Acquires Litchfield Special Risks, Inc.

1. AJG acquired Litchfield Special Risks, enhancing its Texas market presence. 2. LSR specializes in transportation and property/casualty insurance solutions. 3. The acquisition aims to expand RPS's capabilities in the Southwest U.S. 4. Bill Brenton's team will stay under RPS management. 5. CEO J. Patrick Gallagher emphasized LSR's reputation and expertise.

M&A
+1.06%Current Return
VS
+1.84%S&P 500
$331.7903/24 09:04 AM EDTEvent Start
$335.303/25 03:19 PM EDTLatest Updated
4m saved
Insight
Article

FAQ

Why Bullish?

The acquisition expands market share, which typically positively affects stock prices. Historical acquisitions boosting growth frequently lead to price increases, such as the 2020 acquisition of a Tennessee-based firm that helped increase AJG's market position.

How important is it?

Acquisitions can significantly impact company growth trajectories, making this news highly relevant. The acquisition strengthens AJG's market position in a key geographic area.

Why Long Term?

Long-term growth can be expected as integration with LSR enhances overall performance. Past acquisitions have shown that successful integration contributes to sustained revenue growth over several years.

Related Companies

AONMARWLTW
, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired El Paso, Texas-based Litchfield Special Risks, Inc. (LSR). Terms of the transaction were not disclosed. LSR is a wholesale insurance broker and managing general agency (MGA) specializing in transportation and property/casualty solutions for retail agents in Texas and the Southwest US. Bill Brenton and his team will remain in their current location under the direction of Ash Thomas, VP-Western Region for RPS. "LSR's market reputation and transportation niche expertise will expand RPS's capabilities in Texas," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Bill and his associates to our growing 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

Related News