Arthur J. Gallagher & Co. Acquires Litchfield Special Risks, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has announced that its wholesale division, Risk Placement Services (RPS), has acquired Litchfield Special Risks (LSR), an El Paso, Texas-based wholesale insurance broker and managing general agency. The acquisition, announced on March 24, 2025, strengthens AJG's presence in the Southwest US market.

LSR specializes in transportation and property/casualty solutions for retail agents in Texas and the Southwest US. Following the acquisition, LSR's team, led by Bill Brenton, will maintain their current location under the supervision of Ash Thomas, VP-Western Region for RPS. The financial terms of the transaction were not disclosed.

ROLLING MEADOWS, Ill., March 24, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired El Paso, Texas-based Litchfield Special Risks, Inc. (LSR). Terms of the transaction were not disclosed.

LSR is a wholesale insurance broker and managing general agency (MGA) specializing in transportation and property/casualty solutions for retail agents in Texas and the Southwest US. Bill Brenton and his team will remain in their current location under the direction of Ash Thomas, VP-Western Region for RPS.

"LSR's market reputation and transportation niche expertise will expand RPS's capabilities in Texas," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Bill and his associates to our growing 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, Senior Media Relations 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 company did Arthur J. Gallagher (AJG) acquire in March 2025?

AJG acquired Litchfield Special Risks (LSR), an El Paso, Texas-based wholesale insurance broker and managing general agency, through its Risk Placement Services division.

What are Litchfield Special Risks' main business specializations?

LSR specializes in transportation and property/casualty insurance solutions for retail agents in Texas and the Southwest US.

How will the LSR acquisition impact AJG's market presence?

The acquisition will expand RPS's capabilities in Texas, particularly in the transportation niche market.

Will there be management changes at Litchfield Special Risks after the AJG acquisition?

No, Bill Brenton and his team will remain in their current location, operating under Ash Thomas, VP-Western Region for RPS.

What is the geographic scope of AJG's operations after this acquisition?

AJG operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.