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Arthur J. Gallagher & Co. Acquires Surescape Insurance Services, LLC

1. AJG acquired Surescape Insurance Services, enhancing its construction sector capabilities. 2. Transaction terms were undisclosed; Surescape's team will remain in their location. 3. ACG’s CEO expressed excitement about Surescape's integration into their operations. 4. Surescape specializes in surety insurance, crucial for construction across the U.S. 5. The acquisition strengthens AJG’s position in the insurance brokerage market.

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FAQ

Why Bullish?

Acquisitions often signal growth; historical examples show stock price increases post-acquisition.

How important is it?

Acquiring a specialized firm can boost AJG’s market share and capabilities significantly.

Why Long Term?

The strategic acquisition is expected to generate sustained revenue growth over time.

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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Denver, Colorado-based Surescape Insurance Services, LLC (Surescape). Terms of the transaction were not disclosed. Surescape is a surety specialist and insurance agency serving the construction industry across the United States. Doug Rothey and his team will remain in their current location under the direction of Bret VanderVoort, head of Gallagher's South Central retail property/casualty brokerage operations. "Surescape is a highly regarded agency that deepens our existing insurance brokerage and bonding capabilities in the construction space," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Doug and his associates to Gallagher." 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. Also from this source

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