Arthur J. Gallagher & Co. Acquires Stewart, Brimner, Peters & Company, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. announced the acquisition of Fort Wayne-based Stewart, Brimner, Peters & Company, Inc. (SBP) on March 20, 2023. The terms of the transaction were not disclosed. SBP specializes in providing commercial and personal insurance products along with employee benefits consulting to clients in Indiana. The acquisition is expected to enhance Gallagher's capabilities in the region, leveraging SBP's strong client relationships for growth. Jason Brimner, John Brimner, Jeff Peters, and Mick Stewart will remain with SBP under Gallagher's Great Lakes operations, led by Sean Gallagher.

Positive

• Acquisition of SBP strengthens Gallagher's regional presence in Indiana.
• SBP's established client relationships expected to drive growth.
• Continued leadership from SBP's management team ensures operational stability.

Negative

• None.

ROLLING MEADOWS, Ill., March 20, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Fort Wayne, Indiana-based Stewart, Brimner, Peters & Company, Inc. (SBP). Terms of the transaction were not disclosed.

SBP is a retail insurance broker offering a variety of commercial and personal insurance products along with employee benefits consulting to clients in central and northern Indiana. Jason Brimner, John Brimner, Jeff Peters, Mick Stewart and their team will remain in their current location under the direction of Sean Gallagher, head of Gallagher's Great Lakes region retail property/casualty brokerage operations.

"SBP's strong client relationships and focus on growth will expand our capabilities in the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am excited to welcome Jason, John, Jeff, Mick 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, 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 did Arthur J. Gallagher & Co. announce on March 20, 2023?

Arthur J. Gallagher & Co. announced the acquisition of Stewart, Brimner, Peters & Company, Inc. (SBP) on March 20, 2023.

What are the benefits of the acquisition for AJG?

The acquisition will enhance AJG's capabilities in Indiana and leverage SBP's strong client relationships for growth.

Who will lead Stewart, Brimner, Peters & Company, Inc. after the acquisition?

The current management team of SBP will continue to lead the company under the direction of Sean Gallagher.

What type of services does SBP provide?

SBP offers commercial and personal insurance products, as well as employee benefits consulting.