NU Online News Service, May 13, 3:15 p.m. EDT
Arthur J. Gallagher pulled off a major acquisition in London, acquiring Heath Lambert Group Holdings, Ltd. for $158 million.
“This acquisition represents an important strategic move for our company,” says J. Patrick Gallagher Jr., chairman, president and chief executive officer of AJG in a statement. “Since 1974, we've been in London primarily as a wholesale broker. Now, Heath Lambert offers us an excellent opportunity to become a large retail broker in one of the best insurance markets in the world. Their highly skilled team shares our culture and their complementary product and service capabilities are an excellent fit with our U.S. and expanding international retail operations.”
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