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Arthur J. Gallagher & Co. Acquires MACK Insurance Services

1. AJG acquired MACK Insurance Services, enhancing its agricultural brokerage in Australia. 2. MACK Insurance focuses on commercial insurance within the agriculture sector. 3. The transaction terms remain undisclosed, highlighting Gallagher's strategic expansion. 4. CEO Patrick Gallagher expresses excitement about the cultural alignment and expertise.

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FAQ

Why Bullish?

This acquisition strategically enhances AJG’s capabilities in a growing sector, which historically boosts stock performance.

How important is it?

The acquisition directly aligns with AJG's expansion strategy, indicating positive future prospects.

Why Long Term?

Integration of MACK’s services will likely manifest in sustained growth over time, similar to prior acquisitions by AJG.

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MARCNO
, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a focus on the agriculture sector. Lizzie Carver and her team will join Gallagher's brokerage operations in Australia from office locations in Wagga Wagga and Narrandera, New South Wales. "MACK Insurance Services is a culturally aligned broker whose agriculture niche expertise complements our existing brokerage capabilities in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Lizzie and her 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. Investors: Ray Iardella, VP - Investor Relations         Media: Paul Day, Senior Media Relations Manager630-285-3661/ [email protected]                        630-285-5946/ [email protected] 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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