Arthur J. Gallagher & Co. Acquires Harden & Associates, Inc.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Florida-based Harden & Associates, Inc., enhancing its position in the Southeastern U.S. insurance market. Harden, established in 1953 and headquartered in Jacksonville, specializes in retail property/casualty and employee benefits, focusing on sectors such as healthcare and real estate. The acquisition is expected to strengthen Gallagher's healthcare and real estate practices while expanding its footprint in North Florida and along the East Coast. Financial terms of the deal were not disclosed.
- Acquisition strengthens Gallagher's healthcare and real estate practices in the Southeast.
- Expansion of Gallagher's presence in North Florida and along the East Coast.
- Harden's established expertise in property/casualty and employee benefits will enhance Gallagher's service offerings.
- None.
ROLLING MEADOWS, Ill., Dec. 29, 2020 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Florida-based Harden & Associates, Inc. (Harden). Terms of the transaction were not disclosed.
Founded in 1953, Harden is a full-service insurance broker headquartered in Jacksonville, Florida, with offices in Amelia Island and Tampa. It offers retail property/casualty, employee benefits and related services to businesses and individuals primarily in Florida, with a particular focus on the healthcare, real estate and construction industries. M.C. (Ceree) Harden III and his team will continue to operate from their current locations under the direction of Peter Doyle, head of Gallagher's Southeast region retail property/casualty brokerage operations, and John Tournet, head of Gallagher's Southeast region employee benefit consulting and brokerage operations.
"Harden will further strengthen our healthcare and real estate practices in the Southeast, as well as expand our presence in North Florida and along the East Coast of Florida and Georgia," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are elated to welcome Ceree and his 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.
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