Arthur J. Gallagher & Co Stock Price, News & Analysis

Arthur J. Gallagher & Co. announced the acquisition of Stellar Benefits Group, LLC, a full-service employee benefits consulting firm based in Solon, Ohio. Founded in 2003, Stellar Benefits offers health and welfare programs to businesses of all sizes. The acquisition aims to enhance Gallagher's benefits capabilities in Northeastern Ohio. Ronald Rafal and Alan Greenberg, along with their team, will continue operations under Gallagher's Great Lakes region leadership. The transaction's terms were not disclosed, but it signifies Gallagher's commitment to expanding its client services across the region.

Arthur J. Gallagher announced the acquisition of the remaining shares of Hesse & Partner AG and Hesse Consulting GmbH from founder Guido Hesse, having previously acquired a majority stake three years ago. The terms of the transaction remain undisclosed. Founded in 1997, Hesse & Partner specializes in risk management and insurance solutions, particularly in the waste-to-energy sector. The move is part of Gallagher's strategy to expand its presence in Europe, with CEO J. Patrick Gallagher, Jr. noting the alignment of visions and goals between the two companies.

Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on June 17, 2021, from 8:00 a.m. to 10:30 a.m. CT. This meeting will be conducted virtually via conference call, where company leaders will discuss business operations and financial outlook, followed by a Q&A session. Interested parties can listen to the live broadcast on www.ajg.com/irmeeting, with a replay available until June 24. Relevant materials will be accessible from 7:30 a.m. CT on the same day.

Arthur J. Gallagher & Co. has acquired LDJ American Online Benefits Group, LLC (AOBG), a Texas-based company specializing in supplemental health insurance and wellness products. Founded in 2013, AOBG operates through over 2,500 independent agents nationwide. This acquisition aims to enhance Gallagher's offerings in the Affinity market, particularly for individuals lacking access to employer-sponsored benefits. The financial terms of the deal were not disclosed. The integration of AOBG is expected to leverage Gallagher’s strengths and expand its market reach.

Arthur J. Gallagher & Co. (NYSE: AJG) announced the successful closing of its public stock offering, totaling 10,350,000 shares at $142.00 per share. This includes the full exercise of the underwriters' option for an additional 1,350,000 shares. The offering was conducted under an effective shelf registration statement and managed by Morgan Stanley, with several firms acting as co-managers. The funds from this offering are expected to bolster Gallagher's operational capabilities, although the potential for shareholder dilution exists due to the increased share count.

Arthur J. Gallagher & Co. (NYSE: AJG) priced an offering of 9,000,000 shares of common stock at $142.00 per share. The underwriters have a 30-day option to purchase an additional 1,350,000 shares. The offering is expected to close on May 17, 2021, and the proceeds will help fund the acquisition of Willis Towers Watson's reinsurance and brokerage operations. Closing is not conditioned on the acquisition's completion, which remains uncertain due to regulatory approvals.

Arthur J. Gallagher & Co. (NYSE: AJG) announced an acquisition of certain reinsurance, specialty, and retail brokerage operations from Willis Towers Watson. The deal, valued at $3.57 billion, is part of a regulatory remedy linked to the Aon and Willis Towers Watson merger and is expected to close in the second half of 2021. This acquisition will enhance Gallagher's global footprint in reinsurance and retail brokerage, adding significant expertise and revenue potential estimated at $1.3 billion. Integration is projected to take three years, with costs estimated at $350 million.