Arthur J. Gallagher & Co. Acquires Dominick Falcone Agency, Inc., and Falcone Associates, Inc.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Syracuse-based Dominick Falcone Agency and Falcone Associates. The acquired companies specialize in property/casualty insurance for commercial and personal clients in central New York, along with employee benefits services.
The existing team, including Michael Lavalle, David MacLachlan, Renee Guariglia, and Chris Marshall, will maintain their current location, operating under Gallagher's Northeast region leadership. The acquisition aims to strengthen Gallagher's retail brokerage capabilities in central New York. Financial terms were not disclosed.
Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm, with presence in approximately 130 countries through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE:AJG) ha annunciato l'acquisizione della Dominick Falcone Agency e di Falcone Associates, con sede a Syracuse. Le aziende acquisite sono specializzate nell'assicurazione per proprietà/e incidenti, sia per clienti commerciali che personali, nella parte centrale di New York, oltre a servizi di benefici per i dipendenti.
Il team attuale, composto da Michael Lavalle, David MacLachlan, Renee Guariglia e Chris Marshall, manterrà la propria sede, operando sotto la leadership della regione nord-orientale di Gallagher. L'acquisizione mira a rafforzare le capacità di intermediazione al dettaglio di Gallagher nella parte centrale di New York. I termini finanziari non sono stati resi noti.
Gallagher, con sede a Rolling Meadows, Illinois, opera come brokeraggio assicurativo globale, fornendo servizi di gestione dei rischi e consulenza, con una presenza in circa 130 paesi attraverso operazioni proprie e reti di corrispondenti.
Arthur J. Gallagher & Co. (NYSE:AJG) ha anunciado la adquisición de la Dominick Falcone Agency y Falcone Associates, con sede en Syracuse. Las empresas adquiridas se especializan en seguros de propiedad/daños para clientes comerciales y personales en el centro de Nueva York, además de servicios de beneficios para empleados.
El equipo actual, que incluye a Michael Lavalle, David MacLachlan, Renee Guariglia y Chris Marshall, mantendrá su ubicación actual, operando bajo el liderazgo de la región noreste de Gallagher. La adquisición tiene como objetivo fortalecer las capacidades de corretaje minorista de Gallagher en el centro de Nueva York. No se revelaron los términos financieros.
Gallagher, con sede en Rolling Meadows, Illinois, opera como un corredor de seguros global, ofreciendo servicios de gestión de riesgos y consultoría, con presencia en aproximadamente 130 países a través de operaciones propias y redes de corresponsales.
아서 J. 갤러거 & 주식회사 (NYSE:AJG)는 시라쿠스에 본사를 둔 도미닉 팔코네 에이전시와 팔코네 어소시에이츠의 인수를 발표했습니다. 인수된 회사들은 뉴욕 중부의 상업 및 개인 고객을 위한 재산/사고 보험과 직원 복리후생 서비스를 전문으로 합니다.
현재 팀은 마이클 라발레, 데이비드 맥라클란, 레네 과리글리아, 그리고 크리스 마샬을 포함하여 기존 위치를 유지하며, 갤러거의 북동부 지역 리더십 아래에서 운영됩니다. 이번 인수는 갤러거의 중부 뉴욕에서의 소매 중개 능력을 강화하는 것을 목표로 합니다. 재무 조건은 공개되지 않았습니다.
일리노이주 롤링 메도우즈에 본사를 둔 갤러거는 글로벌 보험 중개, 리스크 관리 및 컨설팅 서비스 회사로, 약 130개국에서 자사 운영 및 대응 네트워크를 통해 활동하고 있습니다.
Arthur J. Gallagher & Co. (NYSE:AJG) a annoncé l'acquisition de l'agence Dominick Falcone et de Falcone Associates, basées à Syracuse. Les entreprises acquises sont spécialisées dans l'assurance des biens et de la responsabilité civile pour les clients professionnels et particuliers dans le centre de New York, ainsi que dans les services liés aux avantages des employés.
L'équipe actuelle, comprenant Michael Lavalle, David MacLachlan, Renee Guariglia et Chris Marshall, conservera son emplacement actuel, opérant sous la direction de la région nord-est de Gallagher. L'acquisition vise à renforcer les capacités de courtage de détail de Gallagher dans le centre de New York. Les termes financiers n'ont pas été divulgués.
Gallagher, dont le siège est à Rolling Meadows, dans l'Illinois, opère en tant que courtier d'assurance mondial, offrant des services de gestion des risques et de conseil, avec une présence dans environ 130 pays grâce à des opérations détenues et des réseaux de correspondants.
Arthur J. Gallagher & Co. (NYSE:AJG) hat die Übernahme der in Syracuse ansässigen Dominick Falcone Agency und Falcone Associates angekündigt. Die übernommenen Unternehmen sind auf die Versicherung von Sach- und Haftpflicht für gewerbliche und private Kunden im zentralen New York spezialisiert, sowie auf Dienstleistungen im Bereich der Mitarbeiterbenefits.
Das bestehende Team, zu dem Michael Lavalle, David MacLachlan, Renee Guariglia und Chris Marshall gehören, wird seinen aktuellen Standort beibehalten und unter der Führung der Nordostregion von Gallagher arbeiten. Die Übernahme zielt darauf ab, die Retail-Brokerage-Fähigkeiten von Gallagher im zentralen New York zu stärken. Die finanziellen Einzelheiten wurden nicht bekannt gegeben.
Gallagher mit Sitz in Rolling Meadows, Illinois, agiert als globales Versicherungsmakler-, Risiko-management- und Beratungsunternehmen und ist in etwa 130 Ländern durch eigene Niederlassungen und Korrespondenznetzwerke vertreten.
- Strategic expansion of retail brokerage capabilities in central New York market
- Acquisition adds both property/casualty and employee benefits service capabilities
- Retention of experienced local team maintains business continuity
- None.
Insights
This strategic acquisition by Arthur J. Gallagher (AJG) demonstrates the company's continued execution of its targeted growth strategy in the fragmented insurance brokerage market. The purchase of Dominick Falcone Agency and Falcone Associates is particularly noteworthy for several reasons:
First, the dual-capability acquisition (property/casualty and employee benefits) creates immediate cross-selling opportunities and operational synergies in the lucrative central New York market. The Northeast region represents one of the largest insurance markets in the U.S., with dense concentration of commercial clients and high premium volumes.
Second, the retention of the existing leadership team under regional management indicates a well-structured integration approach that typically results in higher client retention rates and smoother operational transition. This aligns with AJG's successful acquisition playbook, which has historically focused on preserving local market relationships while leveraging the parent company's broader resources and carrier relationships.
While financial terms weren't disclosed, this type of strategic bolt-on acquisition typically carries attractive economics for AJG, with expected accretion to earnings within 12-24 months post-integration. The transaction reinforces AJG's position as a leading consolidator in the insurance brokerage space, where scale and market density are important competitive advantages.
The timing is particularly strategic as the insurance market continues to harden, with rising premiums creating organic growth opportunities for brokers. This acquisition strengthens AJG's market position during a period when sophisticated risk management and employee benefits solutions are in high demand.
Dominick Falcone Agency provides property/casualty insurance products to commercial and personal lines clients primarily in central
"Dominick Falcone Agency and Falcone Associates have a strong market reputation and will further enhance our retail brokerage capabilities in central
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in
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 companies did Arthur J. Gallagher (AJG) acquire in Syracuse, New York?
How will the Falcone agencies integrate into AJG's existing operations?
What services do the newly acquired Falcone companies provide to AJG?
What is the strategic importance of AJG's Falcone acquisition in February 2025?
