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Arthur J. Gallagher & Co. Acquires MACK Insurance Services

1. AJG acquired MACK Insurance Services, enhancing agricultural sector focus. 2. MACK Insurance Services operates in New South Wales, expanding AJG's regional presence. 3. The acquisition aligns with AJG's strategy for global growth and market penetration.

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FAQ

Why Bullish?

The acquisition of a specialized broker complements AJG's portfolio, similar to past successful acquisitions in enhancing capabilities.

How important is it?

The acquisition directly enhances AJG's service offerings in a growing niche market, indicating growth potential.

Why Long Term?

This acquisition positions AJG for sustained growth, following historical trends of post-acquisition revenue increases.

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AONMMCWLTW
, /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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