Arthur J. Gallagher & Co. Acquires Mays Brown Solicitors

Arthur J. Gallagher (NYSE:AJG) announced that subsidiary Gallagher Bassett has acquired London-based Mays Brown Solicitors, a boutique shipping and maritime law firm.

Rhea-AI Summary

Arthur J. Gallagher (NYSE:AJG) announced that subsidiary Gallagher Bassett has acquired London-based Mays Brown Solicitors, a boutique shipping and maritime law firm. Terms were not disclosed.

The Mays Brown team will remain in London and report to Gallagher Bassett's EMEA head, enhancing its marine and legal capabilities.

Positive

• Acquisition of Mays Brown Solicitors adds specialized maritime legal expertise
• Strengthens Gallagher Bassett's marine and legal capabilities in EMEA
• Retained Mays Brown leadership team maintains client and operational continuity
• Expands access to global shipping and maritime client base from London hub

Negative

• None.

Argus May 11 session

-0.15% close to close Open Argus

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News Market Reaction – AJG

On May 11, the day this news came out, AJG closed 0.15% below the previous close.

Data tracked by StockTitan Argus for the May 11 session.

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ROLLING MEADOWS, Ill., May 11, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired London, UK-based Mays Brown Limited, dba Mays Brown Solicitors. Terms of the transaction were not disclosed.

Mays Brown Solicitors is a boutique law firm specializing in shipping and maritime legal services for a global client base that includes shipowners, operators, charterers, protection and indemnity (P&I) clubs, insurers and shipyards. The Mays Brown Solicitors team, led by Joe Mays, David Wartski and Stephen Grainger, will remain in their current location under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations.

"Mays Brown Solicitors is a highly regarded firm whose niche expertise enhances Gallagher Bassett's marine and legal capabilities," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Joe, David, Stephen 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.

Investor Relations: Sara Walsh, CFA	Media Relations: Paul Day
630-285-3593 / sara_walsh@ajg.com	630-285-5946 / paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

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What did Arthur J. Gallagher (NYSE:AJG) announce on May 11, 2026 regarding Mays Brown Solicitors?

Arthur J. Gallagher announced that Gallagher Bassett acquired London-based Mays Brown Solicitors, a boutique shipping and maritime law firm. According to Arthur J. Gallagher, the deal extends Gallagher Bassett’s legal capabilities and supports clients across global marine and shipping markets.

Who is Mays Brown Solicitors and what services will it bring to Arthur J. Gallagher (AJG)?

Mays Brown Solicitors is a boutique law firm focused on shipping and maritime legal services. According to Arthur J. Gallagher, the firm serves shipowners, operators, charterers, P&I clubs, insurers and shipyards, adding specialized marine legal support to Gallagher Bassett’s existing claims and risk management offerings.

How will the Mays Brown Solicitors acquisition affect Gallagher Bassett’s marine capabilities?

The acquisition is expected to enhance Gallagher Bassett’s marine and legal capabilities through niche shipping and maritime expertise. According to Arthur J. Gallagher, integrating Mays Brown’s specialist team should support complex marine claims, risk management needs and global shipping clients from its London base.

Will Mays Brown Solicitors’ leadership remain after joining Arthur J. Gallagher (AJG)?

Yes, Mays Brown’s team led by Joe Mays, David Wartski and Stephen Grainger will remain in their current London location. According to Arthur J. Gallagher, they will operate under Manan Sagar, head of Gallagher Bassett’s Europe, Middle East and Asia operations, supporting continuity for clients.

Were the financial terms of Arthur J. Gallagher’s acquisition of Mays Brown Solicitors disclosed?

No, the financial terms of the Mays Brown Solicitors acquisition were not disclosed. According to Arthur J. Gallagher, the announcement focuses on strategic benefits, including enhanced shipping and maritime legal services, expanded marine capabilities and support for a global client base through Gallagher Bassett.