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Lockton, Alexander Forbes Set To Merge

Deal could be a prelude to firm eventually going public, consultant

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Lockton Inc.’s announcement that it plans to acquire the insurance brokerage arm of Alexander Forbes Ltd. falls in line with the strategy among other big brokers to look for a combination of acquisitions and organic growth to facilitate the building of their revenue streams, a consultant contends.

On Aug. 21, Kansas City, Mo.-based insurance broker Lockton announced plans to acquire the insurance brokerage business of London-based Alexander Forbes for $170 million, expanding Lockton’s operations internationally from its U.S. foundation.

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