Arthur J. Gallagher & Co. Acquires M.J. Schuetz Insurance Services Inc.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of M.J.
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Rhea-AI Summary
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of M.J. Schuetz Insurance Services Inc., an Indianapolis-based insurance provider. Schuetz Insurance specializes in property/casualty, surety and bonding services across the Midwest, with particular expertise in construction, landscaping, manufacturing and real estate sectors.
The Schuetz Insurance team, including Dave Linthicum, Mike Cocoran, Jenni Waggoner, Stella Milli, and Pamela Kreeb, will maintain their current location under Sean Gallagher's leadership, who heads Gallagher's Great Lakes region retail property/casualty brokerage operations. Financial terms of the transaction were not disclosed.
Positive
- Strategic expansion of retail brokerage operations in the Midwest region
- Acquisition adds specialized expertise in construction, landscaping, manufacturing, and real estate sectors
- Retention of experienced Schuetz Insurance team maintaining operational continuity
Negative
- None.
Details
News Market Reaction – AJG
The recorded move for AJG in the trading session of this news was -1.56%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Schuetz Insurance provides property/casualty, surety and bonding services throughout the Midwest with industry expertise in construction, landscaping, manufacturing and real estate. Dave Linthicum, Mike Cocoran, Jenni Waggoner, Stella Milli, Pamela Kreeb and their team will remain in their current location under the direction of Sean Gallagher, head of Gallagher's Great Lakes region retail property/casualty brokerage operations.
"Schuetz Insurance has a deep history of growth and client service, and their strong niche capabilities will enhance our retail brokerage operations in the Midwest," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome the Schuetz Insurance team to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in
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.
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