1. AJG acquires Tresidder Insurance Brokers in Australia to enhance market presence. 2. Tresidder specializes in property/casualty brokerage for various industries. 3. Addition of Tresidder strengthens AJG's client-service capabilities in Australia. 4. The deal expands Gallagher's global service offerings in commercial and personal lines. 5. Terms of the transaction remain undisclosed, signaling a strategic growth initiative.
This acquisition represents strategic growth, similar to past successful negotiations, enhancing AJG's market competence.
Strategic acquisitions like Tresidder can enhance revenue and market position significantly.
Acquisitions typically take time to yield results; historical evidence shows long-term value.
Arthur J. Gallagher & Co. today announced the acquisition of Australia-based Tresidder Insurance Brokers. Terms of the transaction were not disclosed.
Tresidder Insurance Brokers provides property/casualty brokerage services to commercial and personal lines clients across Australia from offices in Victoria and Queensland with industry expertise in manufacturing, food and beverage, biotech and agriculture. Brad Tresidder, Dean O'Halloran and their team will become part of Gallagher's Australia specialty broking division.
"Tresidder Insurance Brokers is a highly regarded firm that will enhance our client-service capabilities in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Brad, Dean and their 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.
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SOURCE Arthur J. Gallagher & Co.