Arthur J. Gallagher & Co. Acquires The Kirksey Agency, Inc.

Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of The Kirksey Agency, Inc., based in West Monroe, Louisiana, which has a strong focus on crop insurance.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of The Kirksey Agency, Inc., based in West Monroe, Louisiana, which has a strong focus on crop insurance. Founded in 1980, The Kirksey Agency has recently expanded its product offerings to include various commercial and personal services throughout the South Central United States. Bill and Grace Kirksey will maintain their roles under Gallagher's Mid-South region management. This acquisition is expected to enhance Gallagher's agricultural capabilities and client offerings in the region.

Positive

Enhances Gallagher's agricultural capabilities.
Expands client offerings across the Mid-South region.
Strengthens presence in the crop insurance market.

Negative

None.

Argus Session date unavailable

+0.06% session move Open Argus

Details

News Market Reaction – AJG

The recorded move for AJG in the trading session of this news was +0.06%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

09/16/2020 - 11:00 AM EDT

ROLLING MEADOWS, Ill., Sept. 16, 2020 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of West Monroe, La.-based The Kirksey Agency, Inc. Terms of the transaction were not disclosed.

The Kirksey Agency was founded in 1980 with crop insurance as its flagship product, servicing Louisiana, Arkansas and Mississippi. The agency has expanded its offerings in recent years to provide a full range of commercial and personal products and services to clients across the South Central United States. Bill and Grace Kirksey and their team will continue to operate in their current location under the direction of Bumpy Triche, head of Gallagher's Mid-South region retail property/casualty brokerage operations.

"The Kirksey Agency expands Gallagher's agricultural capabilities and deepens our client offerings across the Mid-South region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are very pleased to welcome Bill, Grace and their associates to our growing, global team."

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 49 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