Arthur J. Gallagher & Co. Acquires Encore Group

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Encore Insurance Services Inc. (Encore Group), a Waterloo, Ontario-based retail insurance brokerage firm. The acquired company specializes in serving commercial clients in Ontario, with particular focus on manufacturing, construction, and financial institutions sectors.

Following the acquisition, Encore Group's leadership team, including Joe Dalton and Scott Heaman, will continue operating from their current location under Dave Partington's direction, who heads Gallagher's Canadian retail property/casualty brokerage operations.

While the financial terms remain undisclosed, this strategic acquisition aligns with Gallagher's expansion in Canada, complementing their existing retail brokerage capabilities. As a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois, Gallagher maintains operations in approximately 130 countries worldwide through owned operations and correspondent networks.

News Market Reaction – AJG

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-1.42% News Effect

On the day this news was published, AJG declined 1.42%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROLLING MEADOWS, Ill., Jan. 6, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Waterloo, Ontario-based Encore Insurance Services Inc., dba Encore Group. Terms of the transaction were not disclosed.

Encore Group is a retail insurance brokerage firm serving commercial clients primarily in Ontario with industry focuses of manufacturing, construction and financial institutions. Joe Dalton, Scott Heaman and their team will remain in their current location under the direction of Dave Partington, head of Gallagher's Canadian retail property/casualty brokerage operations.

"Encore Group is a highly regarded firm whose expertise complements our existing retail brokerage capabilities in Canada," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Joe, Scott and their 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. 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

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What are the key details of AJG's acquisition of Encore Group in January 2025?

Arthur J. Gallagher acquired Waterloo, Ontario-based Encore Insurance Services Inc. (Encore Group), a retail insurance brokerage firm specializing in commercial clients, particularly in manufacturing, construction, and financial institutions sectors. The deal's financial terms were not disclosed.

How will Encore Group's management structure change after the AJG acquisition?

Encore Group's leadership team, including Joe Dalton and Scott Heaman, will remain in their current location, operating under Dave Partington, who heads Gallagher's Canadian retail property/casualty brokerage operations.

What markets does Encore Group serve in Ontario?

Encore Group primarily serves commercial clients in Ontario, with specific industry focuses on manufacturing, construction, and financial institutions sectors.

How does the Encore Group acquisition expand AJG's Canadian presence?

The acquisition complements Gallagher's existing retail brokerage capabilities in Canada, strengthening their presence in the Ontario market and adding expertise in key commercial sectors.

What is AJG's current global operational footprint as of 2025?

Arthur J. Gallagher & Co. operates in approximately 130 countries worldwide through its owned operations and a network of correspondent brokers and consultants.