Arthur J. Gallagher & Co. Acquires Hawley & Associates, LLC
Arthur J. Gallagher & Co. has acquired Bellevue, Washington-based Hawley & Associates, LLC, expanding its expertise in specialized insurance services for the adoption, foster care, and child welfare sectors.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Arthur J. Gallagher & Co. has acquired Bellevue, Washington-based Hawley & Associates, LLC, expanding its expertise in specialized insurance services for the adoption, foster care, and child welfare sectors. Founded in 2005, Hawley & Associates has broadened its services to cater to both nonprofit and for-profit organizations with U.S. and international operations. Phil Hawley and team will remain in their current location under Jim Buckley's leadership. The terms of the acquisition were not disclosed, but it enhances Gallagher's capabilities in the nonprofit and social services market.
Positive
- Acquisition of Hawley & Associates adds expertise in the child welfare and social services insurance sector.
- Expansion of service offerings to nonprofit and for-profit organizations enhances market capabilities.
- Hawley & Associates has a strong reputation in its specialized field, potentially increasing client acquisition.
Negative
- None.
Details
News Market Reaction – AJG
The recorded move for AJG in the trading session of this news was -0.58%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROLLING MEADOWS, Ill., March 10, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Bellevue, Washington-based insurance broker Hawley & Associates, LLC. Terms of the transaction were not disclosed.
Hawley & Associates was founded in 2005 exclusively to provide specialized insurance services for adoption, foster care and child welfare agencies. Over the years its offerings have expanded into all aspects of social services for both nonprofit and for-profit organizations with US and/or international exposures. Phil Hawley and his associates will continue to operate in their current location under the direction of Jim Buckley, head of Gallagher's Northwest region retail property/casualty brokerage operations.
"The Hawley & Associates team offers deep expertise in the nonprofit and for-profit social services sector, particularly in the specialized and challenging child welfare, foster care and adoption segment," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are delighted to welcome Phil and his 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 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-hawley--associates-llc-301498846.html
SOURCE Arthur J. Gallagher & Co.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.