Arthur J. Gallagher & Co. Acquires Bradawn Insurance Services, Inc.
Arthur J. Gallagher & Co. announced the acquisition of Bradawn Insurance Services, a California-based health and welfare consulting firm, expanding its capabilities in Southern California.
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Rhea-AI Summary
Arthur J. Gallagher & Co. announced the acquisition of Bradawn Insurance Services, a California-based health and welfare consulting firm, expanding its capabilities in Southern California. Founded in 1983, Bradawn specializes in serving large employers across various sectors. The transaction details remain undisclosed, but the integration aims to enhance Gallagher's service offerings in health and welfare consulting. Dawna Gray and her team will continue operations under Gallagher's leadership, reinforcing its commitment to delivering comprehensive benefits solutions to clients.
Positive
- Acquisition of Bradawn Insurance Services enhances Gallagher's capabilities in health and welfare consulting in Southern California.
- Bradawn has a strong reputation and existing client base, potentially increasing Gallagher's market share.
- Dawna Gray and her associates will remain with Gallagher, supporting continuity and integration.
Negative
- None.
Details
News Market Reaction – AJG
The recorded move for AJG in the trading session of this news was -0.09%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
ROLLING MEADOWS, Ill., Dec. 20, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Escondido, California-based Bradawn Insurance Services, Inc. Terms of the transaction were not disclosed.
Founded in 1983, Bradawn Insurance Services offers health and welfare consulting services to large multi-state public, privately-held, nonprofit and for-profit employers and organizations. Dawna Gray and her associates will remain in their current location under the direction of Scott Gregory, head of Gallagher's Southwest Region employee benefit consulting and brokerage operations.
"Bradawn Insurance Services is a growing, highly regarded benefits consultant that will enhance our large account health and welfare capabilities across Southern California," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Dawna and her associates to our growing global team."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Investors: Ray Iardella | Media: Linda J. Collins |
VP - Investor Relations | VP- Corporate Communications |
630-285-3661/ ray_iardella@ajg.com | 630-285-4009/ linda_collins@ajg.com |
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SOURCE Arthur J. Gallagher & Co.
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