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Arthur J. Gallagher & Co. Acquires Wilkins & Associates Insurance Services, Inc.

1. Arthur J. Gallagher & Co. acquired Wilkins & Associates Insurance Services. 2. Wilkins specializes in commercial and personal lines insurance in Western Nevada. 3. Acquisition enhances Gallagher's retail brokerage capabilities in Nevada. 4. Management from Wilkins to join Gallagher's Southwest region leadership. 5. Terms of the transaction were not disclosed.

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FAQ

Why Bullish?

Acquisitions typically enhance market position and revenue potential, historically boosting stock prices.

How important is it?

The acquisition strengthens Gallagher's presence, potentially increasing future profitability and market share.

Why Short Term?

Immediate synergies from acquisitions may elevate short-term earnings and investor sentiment.

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, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Reno, Nevada-based Wilkins & Associates Insurance Services, Inc. Terms of the transaction were not disclosed. Wilkins & Associates, founded by Tom and Melanie Wilkins, is a retail insurance broker serving commercial and personal lines clients in Reno and western Nevada. Steve Wilkins, Jared Wilkins and their team will operate under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations. "Wilkins & Associates is a highly regarded firm with a client-focused culture that will enhance our retail brokerage capabilities in Nevada," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Steve, Jared and their 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. 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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