Arthur J. Gallagher & Co. Acquires Hawley & Associates, LLC

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired Bellevue, Washington-based Hawley & Associates, LLC, expanding its expertise in specialized insurance services for the adoption, foster care, and child welfare sectors. Founded in 2005, Hawley & Associates has broadened its services to cater to both nonprofit and for-profit organizations with U.S. and international operations. Phil Hawley and team will remain in their current location under Jim Buckley's leadership. The terms of the acquisition were not disclosed, but it enhances Gallagher's capabilities in the nonprofit and social services market.

Positive

• Acquisition of Hawley & Associates adds expertise in the child welfare and social services insurance sector.
• Expansion of service offerings to nonprofit and for-profit organizations enhances market capabilities.
• Hawley & Associates has a strong reputation in its specialized field, potentially increasing client acquisition.

Negative

• None.

ROLLING MEADOWS, Ill., March 10, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Bellevue, Washington-based insurance broker Hawley & Associates, LLC. Terms of the transaction were not disclosed.

Hawley & Associates was founded in 2005 exclusively to provide specialized insurance services for adoption, foster care and child welfare agencies. Over the years its offerings have expanded into all aspects of social services for both nonprofit and for-profit organizations with US and/or international exposures. Phil Hawley and his associates will continue to operate in their current location under the direction of Jim Buckley, head of Gallagher's Northwest region retail property/casualty brokerage operations.

"The Hawley & Associates team offers deep expertise in the nonprofit and for-profit social services sector, particularly in the specialized and challenging child welfare, foster care and adoption segment," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are delighted to welcome Phil 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 68 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 was the purpose of Arthur J. Gallagher's acquisition of Hawley & Associates?

The acquisition aims to enhance Gallagher's expertise in specialized insurance services for adoption, foster care, and child welfare sectors.

When did Arthur J. Gallagher announce the acquisition of Hawley & Associates?

The acquisition was announced on March 10, 2022.

What impact could the acquisition of Hawley & Associates have on Arthur J. Gallagher's operations?

The acquisition could improve Gallagher's capabilities in the nonprofit and social services market, potentially leading to increased client acquisition and service offerings.

Who will lead the Hawley & Associates team post-acquisition?

Phil Hawley and his associates will continue to operate under the direction of Jim Buckley, head of Gallagher's Northwest region retail property/casualty brokerage operations.

What are the financial terms of the acquisition of Hawley & Associates?

The terms of the transaction were not disclosed in the press release.