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Arthur J. Gallagher & Co. Acquires Tresidder Insurance Brokers

1. AJG acquired Tresidder Insurance Brokers, enhancing their presence in Australia. 2. Tresidder specializes in property/casualty brokerage for various industries. 3. The acquisition aims to improve client-service capabilities in Australia. 4. Brad Tresidder and his team will join AJG's specialty broking division.

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FAQ

Why Bullish?

The acquisition of Tresidder, a respected firm, enhances AJG's market position, similar to past successful acquisitions that increased revenue streams.

How important is it?

This acquisition strengthens AJG's competitive position in the insurance market, influencing future growth prospects.

Why Long Term?

Integrating Tresidder's expertise will yield sustained benefits, aligning with AJG's long-term growth strategy.

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, /PRNewswire/ -- 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. 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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