Arthur J. Gallagher & Co. Acquires Türkiye-based Aspera

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Aspera Sigorta ve Reasürans Brokerliği A.Ş., an Istanbul-based insurance and reinsurance brokerage firm. Aspera specializes in providing services across key sectors including energy & power, industrial property, financial lines, construction, and aviation & space.

The founding partner Evrim Özkoç and the broking team will continue their roles under Gündüz Tezel, who heads Gallagher's operations in Türkiye. While the financial terms were not disclosed, this acquisition aims to enhance Gallagher's existing brokerage capabilities in the Turkish market. Gallagher currently operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.

Positive

• Strategic expansion into the Turkish market with a well-established local firm
• Acquisition adds expertise in key sectors including energy, construction, and aviation
• Retention of existing leadership and broking team ensures business continuity
• Enhancement of Gallagher's existing brokerage capabilities in Türkiye

Negative

• Financial terms not disclosed, making it difficult to assess the deal's value and impact
• Integration risks in a different geographical market

ROLLING MEADOWS, Ill., May 6, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Istanbul, Türkiye-based Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera). Terms of the transaction were not disclosed.

Aspera is an insurance and reinsurance brokerage firm specializing in clients operating in sectors including energy & power, industrial property, financial lines, construction, and aviation & space. Founding partner Evrim Özkoç and the broking team will remain with the business under the direction of Gündüz Tezel, head of Gallagher's operations in Türkiye.

"Aspera is a highly regarded firm whose market expertise will enhance our existing brokerage capabilities in Türkiye," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Evrim and his 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 company did Arthur J. Gallagher (AJG) acquire in Türkiye?

Arthur J. Gallagher acquired Aspera Sigorta ve Reasürans Brokerliği A.Ş., an Istanbul-based insurance and reinsurance brokerage firm specializing in energy & power, industrial property, financial lines, construction, and aviation & space sectors.

Who will lead Aspera after the AJG acquisition?

Founding partner Evrim Özkoç and the broking team will remain with the business, operating under the direction of Gündüz Tezel, who heads Gallagher's operations in Türkiye.

What are the main sectors Aspera specializes in?

Aspera specializes in energy & power, industrial property, financial lines, construction, and aviation & space sectors.

How many countries does Arthur J. Gallagher operate in as of 2025?

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

What is the value of AJG's acquisition of Aspera?

The financial terms of the acquisition were not disclosed in the announcement.