Arthur J. Gallagher & Co. Acquires Cunnington & Associates, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. (AJG) announced the acquisition of Meridian, Idaho-based Cunnington & Associates, Inc., a full-service insurance agency established in 2005. The transaction aims to enhance Gallagher's presence in the Northwest and expand cross-selling opportunities, particularly with employee benefits. Cunnington & Associates specializes in risk management and services for sectors including agriculture, construction, and healthcare. The terms of the transaction remain undisclosed, and the Cunnington team will continue to operate under Gallagher's regional management.

Positive

• Expansion of Gallagher's Northwest presence through the acquisition.
• Increased cross-selling opportunities with Gallagher's employee benefits division.
• Cunnington & Associates provides diversified services in key sectors like agriculture and healthcare.

Negative

• None.

ROLLING MEADOWS, Ill., June 24, 2020 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Meridian, Idaho-based Cunnington & Associates, Inc. Terms of the transaction were not disclosed.

Founded in 2005, Cunnington & Associates, Inc. is a full-service insurance agency. They offer risk management, group captives, loss control, safety programs and risk financing services to clients primarily across Idaho and the Intermountain West, with a focus on the agriculture, construction, energy, healthcare, manufacturing, real estate and transportation industries. Greg and Nick Cunnington, and their associates, will continue to operate from their current location under the direction of Jim Buckley, head of Gallagher's Northwest Region retail property/casualty brokerage operations. 

"Cunnington & Associates enhances Gallagher's Northwest presence, specifically in the Intermountain region, and expands cross-selling opportunities with our employee benefits division," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Greg, Nick and their associates to our growing global team."

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors:  Ray Iardella	Media:  Linda J. Collins
VP – Investor Relations	VP – Corporate Communications
630-285-3661/ ray_iardella@ajg.com	630-285-4009/ linda_collins@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What is the significance of Arthur J. Gallagher's acquisition of Cunnington & Associates?

The acquisition enhances Gallagher's presence in the Northwest and creates new opportunities for cross-selling services.

When was the acquisition of Cunnington & Associates announced?

The acquisition was announced on June 24, 2020.

What industry does Cunnington & Associates primarily serve?

Cunnington & Associates focuses on industries including agriculture, construction, energy, healthcare, and transportation.

What will happen to the Cunnington team after the acquisition?

The Cunnington team will continue to operate under the direction of Gallagher's Northwest Region leadership.

What is the financial impact of the acquisition on Arthur J. Gallagher?

The financial terms of the acquisition were not disclosed, but it is expected to enhance Gallagher's revenue opportunities in the region.