Arthur J. Gallagher & Co. Acquires Erin P. Collins & Associates, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. announced the acquisition of Erin P. Collins & Associates, Inc. (ECA), based in Kingman, Arizona. The transaction's terms were not disclosed. Founded in 1994, ECA specializes in employee benefits and workplace wellbeing consultancy throughout Arizona. Erin Collins and his team will continue to operate under Gallagher's Southwest region. This acquisition aligns with Gallagher's health and welfare strategy, enhancing its benefits capabilities in the Southwest and providing unique cross-selling opportunities.

Positive

• Acquisition of ECA aligns with Gallagher's health and welfare strategy.
• Expands Gallagher's employee benefits capabilities across the Southwest.
• Unique cross-selling opportunities created through the acquisition.

Negative

• None.

ROLLING MEADOWS, Ill., Sept. 18, 2020 /PRNewswire/ --Arthur J. Gallagher & Co. today announced the acquisition of Kingman, Arizona-based Erin P. Collins & Associates, Inc. (ECA). Terms of the transaction were not disclosed.

Incorporated in 1994, ECA is an employee benefits and workplace wellbeing consultant serving clients throughout the state of Arizona from offices in Kingman and Phoenix. The team has specific expertise in working with multiple employer programs, also known as public entity pools. Erin Collins and his associates will continue to operate from their current locations under the direction of Scott Gregory, head of Gallagher's Southwest region employee benefits consulting and brokerage operations.

"ECA's business is closely aligned with Gallagher's health and welfare strategy, and further expands our benefits capabilities across the Southwest. They also offer us unique cross-selling opportunities," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Erin and his 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. 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 Erin P. Collins & Associates, Inc.?

The acquisition enhances Gallagher's employee benefits capabilities and aligns with its health and welfare strategy.

When was the acquisition of Erin P. Collins & Associates, Inc. announced by AJG?

The acquisition was announced on September 18, 2020.

How will the acquisition of ECA affect AJG's operations in Arizona?

ECA's team will continue operations in Arizona, providing enhanced employee benefits services under Gallagher's guidance.

What are the expected benefits of the acquisition for AJG shareholders?

Shareholders can expect expanded market reach and potential revenue growth through increased employee benefits offerings.