Arthur J. Gallagher & Co. Acquires Bulen & Associates Insurance Services, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. announced the acquisition of Bulen & Associates Insurance Services, a retail property/casualty insurance agency based in Murrieta, California. While the transaction terms were not disclosed, the integration aims to enhance Gallagher's presence in southern California, leveraging Bulen's community roots and strong client relationships. Lisa Mosby and her team will continue operations under Gallagher's leadership, indicating a strategic move to strengthen Gallagher's retail brokerage capabilities and expand their market reach.

Positive

• Acquisition of Bulen & Associates enhances Gallagher's market presence in southern California.
• Bulen's established client relationships and local expertise provide potential revenue growth.
• Continuity of operations with existing leadership supports smooth integration.

Negative

• None.

ROLLING MEADOWS, Ill., Nov. 28, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Murrieta, California-based Bulen & Associates Insurance Services, Inc. Terms of the transaction were not disclosed.

Founded in 1929, Bulen & Associates is a retail property/casualty insurance agency serving commercial clients and individuals in southern California. Lisa Mosby and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.

"Bulen & Associates is a highly regarded agency with deep community roots and a culture like ours," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Lisa and her associates to Gallagher."

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	Media:  Paul Day
VP - Investor Relations	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 was announced by Arthur J. Gallagher on November 28, 2022?

Arthur J. Gallagher announced the acquisition of Bulen & Associates Insurance Services.

What is the significance of the acquisition of Bulen & Associates for AJG?

The acquisition strengthens AJG's market presence and expands its retail brokerage capabilities in southern California.

Who will lead the Bulen & Associates team after the acquisition?

Lisa Mosby and her team will remain in their current location under the direction of Scott Firestone.

What are the financial details of the Bulen & Associates acquisition?

The terms of the transaction were not disclosed.

How does the acquisition of Bulen & Associates impact AJG's growth?

It potentially enhances Gallagher's revenue growth through expanded client relationships and market reach.