Arthur J. Gallagher & Co. Acquires Tresidder Insurance Brokers

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Tresidder Insurance Brokers, an Australian insurance firm specializing in property/casualty brokerage services. The acquired company operates from offices in Victoria and Queensland, serving both commercial and personal lines clients with expertise in manufacturing, food and beverage, biotech and agriculture sectors.

Brad Tresidder, Dean O'Halloran, and their team will be integrated into Gallagher's Australia specialty broking division. While the financial terms remain undisclosed, this strategic acquisition aims to strengthen Gallagher's client-service capabilities in the Australian market.

Gallagher, headquartered in Rolling Meadows, Illinois, currently provides insurance brokerage, risk management, and consulting services across approximately 130 countries through its owned operations and correspondent network.

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On the day this news was published, AJG gained 0.06%, reflecting a mild positive market reaction.

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ROLLING MEADOWS, Ill., April 1, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Australia-based Tresidder Insurance Brokers. Terms of the transaction were not disclosed.

Tresidder Insurance Brokers provides property/casualty brokerage services to commercial and personal lines clients across Australia from offices in Victoria and Queensland with industry expertise in manufacturing, food and beverage, biotech and agriculture. Brad Tresidder, Dean O'Halloran and their team will become part of Gallagher's Australia specialty broking division.

"Tresidder Insurance Brokers is a highly regarded firm that will enhance our client-service capabilities in Australia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Brad, Dean 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.

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 is the strategic importance of Tresidder Insurance Brokers acquisition for AJG's Australian operations?

The acquisition enhances AJG's client-service capabilities in Australia, adding expertise in manufacturing, food and beverage, biotech, and agriculture sectors, with operations in Victoria and Queensland.

What specific industry expertise does Tresidder Insurance Brokers bring to AJG's portfolio?

Tresidder brings expertise in manufacturing, food and beverage, biotech, and agriculture sectors, offering property/casualty brokerage services to commercial and personal lines clients.

Where will Tresidder Insurance Brokers' team be positioned within AJG's structure?

Brad Tresidder, Dean O'Halloran, and their team will be integrated into Gallagher's Australia specialty broking division.

How many countries does AJG operate in after the Tresidder acquisition?

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

What geographical regions in Australia will AJG cover with the Tresidder acquisition?

The acquisition adds offices in Victoria and Queensland regions of Australia to AJG's operations.