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Arthur J. Gallagher & Co. Acquires Fontenelle & Goodreau Insurance, LLC

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Arthur J. Gallagher & Co. announced the acquisition of Fontenelle & Goodreau Insurance, , a Louisiana-based agency specializing in commercial property/casualty coverages. The terms of the transaction were not disclosed. The acquisition will enhance Gallagher's capabilities in commercial real estate, particularly in large apartment accounts in the Louisiana market. Charlie Fontenelle and his team will continue to operate under the leadership of Bumpy Triche, head of Gallagher's Southeast retail property/casualty brokerage operations.
Arthur J. Gallagher & Co. ha annunciato l'acquisizione di Fontenelle & Goodreau Insurance, un'agenzia della Louisiana specializzata in coperture di proprietà/commerciali contro danni accidentali. I termini della transazione non sono stati divulgati. L'acquisizione potenzierà le capacità di Gallagher nel settore immobiliare commerciale, in particolare per grandi conti di appartamenti nel mercato della Louisiana. Charlie Fontenelle e il suo team continueranno a operare sotto la guida di Bumpy Triche, responsabile delle operazioni di intermediazione assicurativa di proprietà/commerciali al dettaglio del sudest di Gallagher.
Arthur J. Gallagher & Co. anunció la adquisición de Fontenelle & Goodreau Insurance, una agencia con sede en Luisiana especializada en coberturas de propiedad/comercial contra daños accidentales. Los términos de la transacción no se han revelado. La adquisición mejorará las capacidades de Gallagher en bienes raíces comerciales, especialmente en grandes cuentas de apartamentos en el mercado de Luisiana. Charlie Fontenelle y su equipo seguirán operando bajo el liderazgo de Bumpy Triche, jefe de las operaciones de corretaje de propiedad/comercial al por menor del sureste de Gallagher.
Arthur J. Gallagher & Co.가 루이지애나에 기반을 둔 상업용 재산/사고 보험 전문 에이전시인 Fontenelle & Goodreau Insurance의 인수를 발표했습니다. 거래 조건은 공개되지 않았습니다. 이번 인수는 Gallagher의 상업용 부동산 역량을 강화할 것이며, 특히 루이지애나 시장의 대형 아파트 계정에서 두드러질 것입니다. Charlie Fontenelle과 그의 팀은 Gallagher의 남동부 소매 재산/사고 중개 운영을 총괄하는 Bumpy Triche의 리더십 하에 계속 운영될 것입니다.
Arthur J. Gallagher & Co. a annoncé l'acquisition de Fontenelle & Goodreau Insurance, une agence basée en Louisiane spécialisée dans les couvertures d'assurance de biens commerciaux/accident. Les termes de la transaction n'ont pas été divulgués. L'acquisition renforcera les capacités de Gallagher dans l'immobilier commercial, en particulier pour les grands comptes d'appartements sur le marché de la Louisiane. Charlie Fontenelle et son équipe continueront d'opérer sous la direction de Bumpy Triche, responsable des opérations de courtage en assurance de biens commerciaux/dommages de Gallagher dans le Sud-Est.
Arthur J. Gallagher & Co. gab die Übernahme von Fontenelle & Goodreau Insurance bekannt, einer in Louisiana ansässigen Agentur, die auf gewerbliche Sach-/Unfallversicherungen spezialisiert ist. Die Bedingungen der Transaktion wurden nicht offengelegt. Die Übernahme wird Gallaghers Fähigkeiten im gewerblichen Immobilienbereich verbessern, insbesondere bei großen Wohnungskonten auf dem Louisiana-Markt. Charlie Fontenelle und sein Team werden unter der Leitung von Bumpy Triche, dem Leiter des südöstlichen Einzelhandels-Sach-/Unfallversicherungsgeschäfts von Gallagher, weiterhin tätig sein.
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Arthur J. Gallagher & Co.'s acquisition of Fontenelle & Goodreau Insurance, LLC expands their reach, potentially increasing their market share in the commercial property/casualty space. While the terms haven't been disclosed, investors can gauge the significance by considering the scale of Fontenelle & Goodreau's existing customer base and its specialization in large apartment accounts. Such niche expertise could offer Gallagher a competitive edge, especially in the Louisiana market.

By retaining the acquired team, Gallagher mitigates integration risks and capitalizes on established client relationships. However, the true financial impact will depend on the synergies realized and the costs associated with the acquisition. Investors should monitor performance indicators such as customer retention rates and cross-selling opportunities in subsequent quarters for a better assessment of the transaction's success.

In the context of industry consolidation, Gallagher's move is indicative of a broader trend where scale can be important for brokerages seeking to leverage data analytics and broaden service offerings. Their strategy to enhance capabilities, particularly within commercial real estate, aligns with industry demands, suggesting a proactive approach to capturing market trends.

Given that the firm operates globally, it raises the question of how they will integrate the local expertise of Fontenelle & Goodreau to benefit their nationwide and potentially international operations. The impact on Gallagher's stock will hinge on their ability to leverage this acquisition for growth beyond the Louisiana market.

ROLLING MEADOWS, Ill., April 18, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Metairie, Louisiana-based Fontenelle & Goodreau Insurance, LLC. Terms of the transaction were not disclosed.

Fontenelle & Goodreau Insurance offers commercial property/casualty coverages specializing in large apartment accounts in the Louisiana market with capabilities nationwide. Charlie Fontenelle and his team will remain in their current location under the direction of Bumpy Triche, head of Gallagher's Southeast retail property/casualty brokerage operations.

"Fontenelle & Goodreau Insurance is a highly regarded agency whose products will enhance our capabilities, particularly within commercial real estate," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Charlie and his 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.

Investors: Ray Iardella, VP - Investor Relations

Media: Paul Day, Communications Manager

630-285-3661/ ray_iardella@ajg.com 

630-285-5946/ paul_day1@ajg.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-fontenelle--goodreau-insurance-llc-302120007.html

SOURCE Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. announced the acquisition of Fontenelle & Goodreau Insurance,

Fontenelle & Goodreau Insurance, is based in Metairie, Louisiana.

Fontenelle & Goodreau Insurance offers commercial property/casualty coverages, specializing in large apartment accounts.

Charlie Fontenelle and his team will continue to operate under the direction of Bumpy Triche, head of Gallagher's Southeast retail property/casualty brokerage operations.

Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois.
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Arthur J. Gallagher & Co.

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#235 Ranked by Market Cap
#853 Ranked by Stock Gains
#1802 Ranked by Dividends

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AJG Stock Data

51.28B
213.78M
1.14%
86.98%
0.91%
Insurance Agencies and Brokerages
Finance and Insurance
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United States of America
ROLLING MEADOWS

About AJG

gallagher, a global insurance brokerage and risk management services firm, helps clients address risk, protect assets and recover from losses. the products and services we provide keep businesses and institutions running, and enable individuals and families to rebuild their lives. gallagher is the only insurance broker recognized by the ethisphere institute as a world's most ethical company. gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. gallagher also offers claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services. find us on social media: facebook: http://www.facebook.com/lifeatgallagher instagram: http://instagram.com/lifeatgallagher twitter: https://twitter.com/lifeatgallagher or http://twitter.com/ajgcorporate