AJG and Genstar Capital Announce Acquisitions

NU Online News Service, Dec. 23, 11:30 p.m. EST

Arthur J. Gallagher says it acquired a healthcare broker inColoradowhile the private equity firm Genstar Investors says it acquired a program administrator inTexas.

Yesterday, Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it acquired Kahl Insurance Services, LLC, inEnglewood,Colo.

Established in 2000, Kahl Insurance is a retail property and casualty and risk-management insurance-brokerage firm that is dedicated exclusively to the healthcare industry. It offers risk-management programs and services to healthcare-provider clients, including hospitals, physician practice groups, integrated delivery groups, outpatient clinics, long-term care facilities, blood banks, and managed-care organizations throughout the United States.

Steven E. Kahl and his staff, approximately seven employees, will continue to operate in their current location under the direction of James McFarlane, Western regional manager of Gallagher’s retail P&C brokerage operation.

Today, San Francisco-based private equity firm Genstar Capital, LLC, says it acquired Innovative Aftermarket Systems (IAS), a warranty program administrator and marketer of vehicle protection products and related services sold through franchised automobile dealers.

Headquartered in Austin, Texas, IAS offers a portfolio of finance and insurance products and services to car dealerships including anti-theft protection; tire and wheel coverage; windshield repair and replacement; key replacement; paint-less dent repair and appearance protection systems. IAS also offers guaranteed asset protection (GAP) that pays the difference between the actual cash value and loan balance of an automobile if a customer’s vehicle is stolen or totaled in a collision.

The company’s products are offered predominantly through a network of independent agents to automobile dealers in 49 states.

Terms of both transactions were not released.

Comments

Resource Center

View All »

Complimentary Case Study: Helping achieve your financial goals By:...

Find out how a Special Investigation Unit used TLOxp to save the company money and...

Do Your Clients Hold The Right CDL License?

Learn about the various classes of CDL Licenses and the industries that are impacted by...

Integrated Content & Communications: A Key Business Issue For Insurers

Insurers are renewing their focus on top line growth, and many are learning that growth...

High Risk Insurance Coverage in the E&S Market

Experts discuss market conditions, trends and projected growth in a rapidly changing niche.

Top E-Signature Security Requirements

This white paper covers the most important security features to look for when evaluating e-signatures...

EPLI Programs Crafted Just For Your Clients

Bring us your restaurant clients, associations and other groups and we’ll help you win more...

Is It Time To Step Up And Own An Agency?

Download this eBook for insight on how to determine if owning an agency is right...

Claims - The Good The Bad And The Ugly

Fraudulent claims cost the industry and the public thousands of dollars in losses. This article...

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.