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Arthur J. Gallagher & Co. Acquires Durham & Bates Agencies, Inc.

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Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Durham & Bates Agencies, a Portland, Oregon-based full-service insurance broker. Durham & Bates specializes in property/casualty, marine, and employee benefits services in the Pacific Northwest region.

The existing team, including Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy, and David Hearns, will maintain their current location. They will operate under Jim Buckley, who heads Gallagher's Northwest region retail property/casualty brokerage operations, and Charlie Isaacs, leader of Gallagher's West region employee benefits consulting operations.

While the transaction terms remain undisclosed, Chairman and CEO J. Patrick Gallagher, Jr. highlighted that this acquisition enhances their Pacific Northwest capabilities and presents significant growth opportunities through Durham & Bates' marine expertise.

Arthur J. Gallagher & Co. (NYSE:AJG) ha annunciato l'acquisizione di Durham & Bates Agencies, un broker assicurativo full-service con sede a Portland, Oregon. Durham & Bates si specializza in servizi di proprietà/responsabilità, marittimi e di benefici per i dipendenti nella regione del Pacific Northwest.

Il team esistente, composto da Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy e David Hearns, manterrà la propria sede attuale. Opereranno sotto la direzione di Jim Buckley, che guida le operazioni di brokerage retail di proprietà/responsabilità della regione Northwest di Gallagher, e Charlie Isaacs, leader delle operazioni di consulenza sui benefici per i dipendenti della regione West di Gallagher.

Sebbene i termini della transazione rimangano riservati, il Chairman e CEO J. Patrick Gallagher, Jr. ha sottolineato che questa acquisizione migliora le capacità dell'azienda nel Pacific Northwest e offre significative opportunità di crescita grazie all'expertise marittima di Durham & Bates.

Arthur J. Gallagher & Co. (NYSE:AJG) ha anunciado la adquisición de Durham & Bates Agencies, un corredor de seguros de servicio completo con sede en Portland, Oregon. Durham & Bates se especializa en servicios de propiedad/responsabilidad, marítimos y de beneficios para empleados en la región del Pacific Northwest.

El equipo existente, que incluye a Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy y David Hearns, mantendrá su ubicación actual. Operarán bajo la dirección de Jim Buckley, quien encabeza las operaciones de corretaje minorista de propiedad/responsabilidad en la región Northwest de Gallagher, y Charlie Isaacs, líder de las operaciones de consultoría de beneficios para empleados en la región West de Gallagher.

Aunque los términos de la transacción permanecen no divulgados, el Presidente y CEO J. Patrick Gallagher, Jr. destacó que esta adquisición mejora sus capacidades en el Pacific Northwest y presenta oportunidades significativas de crecimiento a través de la experiencia marítima de Durham & Bates.

Arthur J. Gallagher & Co. (NYSE:AJG)는 포틀랜드, 오리건에 본사를 둔 종합 보험 중개업체인 Durham & Bates Agencies를 인수한다고 발표했습니다. Durham & Bates는 태평양 북서부 지역의 재산/책임, 해양 및 근무 혜택 서비스에 전문화되어 있습니다.

기존 팀은 Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy, David Hearns를 포함하여 현재 위치를 유지합니다. 그들은 Gallagher의 Northwest 지역 소매 재산/책임 중개 업무를 담당하는 Jim Buckley와 Gallagher의 West 지역 근무 혜택 컨설팅 업무를 이끄는 Charlie Isaacs의 지도 아래 운영될 것입니다.

거래 조건은 공개되지 않았지만, 회장 겸 CEO J. Patrick Gallagher, Jr.는 이 인수가 태평양 북서부의 역량을 강화하고 Durham & Bates의 해양 전문성을 통해 중요한 성장 기회를 제공한다고 강조했습니다.

Arthur J. Gallagher & Co. (NYSE:AJG) a annoncé l'acquisition de Durham & Bates Agencies, un courtier d'assurance de service complet basé à Portland, dans l'Oregon. Durham & Bates se spécialise dans les services de biens/responsabilité, maritimes et d'avantages pour les employés dans la région du Pacific Northwest.

L'équipe existante, comprenant Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy et David Hearns, conservera son emplacement actuel. Ils opéreront sous la direction de Jim Buckley, qui dirige les opérations de courtage de biens/responsabilité au détail de Gallagher pour la région du Northwest, et de Charlie Isaacs, responsable des opérations de conseil sur les prestations des employés dans la région ouest de Gallagher.

Bien que les modalités de la transaction restent confidentielles, le président et CEO J. Patrick Gallagher, Jr. a souligné que cette acquisition renforce leurs capacités dans le Pacific Northwest et offre d'importantes opportunités de croissance grâce à l'expertise maritime de Durham & Bates.

Arthur J. Gallagher & Co. (NYSE:AJG) hat die Übernahme von Durham & Bates Agencies angekündigt, einem in Portland, Oregon, ansässigen Full-Service-Versicherungsmakler. Durham & Bates ist auf die Bereiche Sach-/Haftpflichtversicherung, Schifffahrt und Mitarbeiterleistungen in der Region Pacific Northwest spezialisiert.

Das bestehende Team, einschließlich Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy und David Hearns, wird seinen aktuellen Standort beibehalten. Sie werden unter Jim Buckley arbeiten, der die Einzelhandelsmakleraktivitäten im Bereich Sach-/Haftpflichtversicherung für die Northwest-Region von Gallagher leitet, und Charlie Isaacs, dem Leiter der Beratungsaktivitäten für Mitarbeiterleistungen in der West-Region von Gallagher.

Obwohl die Bedingungen der Transaktion nicht bekannt gegeben wurden, hob der Vorsitzende und CEO J. Patrick Gallagher, Jr. hervor, dass diese Übernahme die Fähigkeiten im Pacific Northwest verbessert und erhebliche Wachstumschancen durch die maritime Expertise von Durham & Bates bietet.

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ROLLING MEADOWS, Ill., Dec. 19, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Portland, Oregon-based Durham & Bates Agencies, Inc. (Durham & Bates). Terms of the transaction were not disclosed.

Durham & Bates is a full-service insurance broker providing property/casualty, marine and employee benefits services to clients in the Pacific Northwest. Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy, David Hearns and their team will remain in their current location under the direction of Jim Buckley, head of Gallagher's Northwest region retail property/casualty brokerage operations, and Charlie Isaacs, head of Gallagher's West region employee benefits consulting operations.

"Durham & Bates expands our capabilities in the Pacific Northwest, and their marine expertise provides us significant opportunities for growth," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Jeremy, Sean, Christen, Stephanie, David and their 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, VP - Investor Relations         

Media: Paul Day, Communications Manager

630-285-3661/ ray_iardella@ajg.com                       

630-285-5946/ paul_day1@ajg.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-durham--bates-agencies-inc-302334315.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What are the strategic benefits of AJG's acquisition of Durham & Bates Agencies?

The acquisition expands AJG's capabilities in the Pacific Northwest region and adds significant marine insurance expertise, creating new growth opportunities in these specialized markets.

Will Durham & Bates retain its current team and location after the AJG acquisition?

Yes, the entire team including Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy, and David Hearns will remain in their current Portland location.

Who will oversee Durham & Bates operations following the AJG acquisition?

The team will operate under Jim Buckley, head of Northwest region retail property/casualty brokerage operations, and Charlie Isaacs, head of West region employee benefits consulting operations.

What services does Durham & Bates bring to AJG's portfolio?

Durham & Bates brings full-service insurance brokerage capabilities, including property/casualty, marine, and employee benefits services focused on the Pacific Northwest market.

When did AJG announce the Durham & Bates acquisition?

Arthur J. Gallagher & Co. announced the acquisition of Durham & Bates Agencies on December 19, 2024.

Arthur J. Gallagher & Co.

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