Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based brokerage firm has announced that it has signed an agreement to acquire 100% of specialist British insurance broker The Bollington Wilson Group.
The transaction will close after regulatory approval. Financial details of the exchange were not disclosed.
Founded in 1973 as a local community broker, Bollington has since grown organically and through strategic acquisitions to become a very successful UK specialty insurance broker with over 400 employees. Based in Sale, England, Bollington also operates from offices in Liverpool, Bollington, Harrogate, Sutton, Coldfield, Stafford and Bolton. It has well-established divisions in small and medium enterprises (SMEs), micro-SMEs and individuals. The company will be part of Gallagher’s UK Retail division, and Paul Moors, group CEO, will stay with Gallagher as chairman of Bollington.
“Bollington will be a fantastic addition to Gallagher. Its entrepreneurial spirit and its exceptional history of growth, both organically and through acquisitions, demonstrate a strategy and a culture similar to ours, which is very important for us during acquisitions ”, commented J. Patrick Gallagher Jr., President. , president and CEO. “We look forward to welcoming the team to our growing global business.”
Michael Rea, CEO of UK Retail at Gallagher, said: “Bollington is extremely well respected. This thriving company has strong capabilities and an impressive portfolio of specialties complementary to our existing business lines, and will provide us with an additional dimension in the regional trade brokerage sector.
Arthur J. Gallagher & Co. operates in 49 countries and provides customer service capabilities in over 150 countries around the world through a network of brokers and corresponding consultants.
Source: Arthur J. Gallagher & Co.
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