Arthur J. Gallagher & Co. Acquires Hughes Insurance Agency, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. (AJG) acquires Hughes Insurance Agency, Inc. in Queensbury, New York, expanding its commercial, personal, and life & health insurance services. The terms of the acquisition were not disclosed. Hughes Insurance Agency is known for its strong growth record and market expertise in the Northeastern United States. The agency will operate under Gallagher Agency Alliance, enhancing Gallagher's capabilities in the region. Gallagher is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in approximately 130 countries worldwide.

Positive

• Expansion of commercial, personal, and life & health insurance services
• Enhancement of capabilities in the Northeastern United States
• Global presence in approximately 130 countries

Negative

• Terms of the transaction not disclosed

ROLLING MEADOWS, Ill., Nov. 21, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Queensbury, New York-based Hughes Insurance Agency, Inc. Terms of the transaction were not disclosed.

Hughes Insurance Agency provides comprehensive commercial, personal and life & health insurance services to independent businesses and individuals in the Northeastern United States. Linda Abodeely, Joe Koncikowski and their team will continue to operate out of their current location as part of Gallagher Agency Alliance under the direction of Jen Tadin, managing director of Gallagher's Global Small Business practice.

"Hughes Insurance Agency's strong growth record, reputation for client service and market expertise will enhance our capabilities in the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Linda, Joe and their associates to Gallagher."

Gallagher Agency Alliance is a merger & acquisitions model partnering with agencies that specialize in small business property/casualty insurance and employee benefits.

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, Communications 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 latest acquisition by Arthur J. Gallagher & Co. (AJG)?

AJG has acquired Hughes Insurance Agency, Inc. in Queensbury, New York, expanding its insurance services.

What services does Hughes Insurance Agency provide?

Hughes Insurance Agency offers comprehensive commercial, personal, and life & health insurance services to independent businesses and individuals in the Northeastern United States.

Where is Arthur J. Gallagher & Co. headquartered?

Gallagher is headquartered in Rolling Meadows, Illinois.

What is Gallagher Agency Alliance?

Gallagher Agency Alliance is a merger & acquisitions model partnering with agencies specializing in small business property/casualty insurance and employee benefits.