Arthur J. Gallagher & Co. Acquires River Valley Capital Insurance, Inc.

Rhea-AI Summary

Arthur J. Gallagher & Co. has acquired River Valley Capital Insurance, Inc. (RVCI), a retail property/casualty brokerage based in Dubuque, Iowa, specializing in trucking insurance. While financial terms of the transaction remain undisclosed, this acquisition aims to enhance Gallagher's Midwest transportation practice. Founded in 2007, RVCI will continue its operations under Ryan Isaacs' leadership, contributing its expertise in long-haul trucking to Gallagher's existing capabilities. Gallagher operates globally, offering services in over 150 countries.

Positive

• Acquisition strengthens Gallagher's position in the Midwest transportation market.
• RVCI's expertise in long-haul trucking enhances Gallagher's service offerings.
• Continued operation under existing management ensures stability.

Negative

• None.

ROLLING MEADOWS, Ill., Oct. 11, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Dubuque, Iowa-based River Valley Capital Insurance, Inc. (RVCI). Terms of the transaction were not disclosed.

Founded in 2007, RVCI is a retail property/casualty brokerage that specializes in providing insurance coverage for the trucking industry, with a focus on long-haul trucking firms in the Midwest region. The team will remain in their current location under the direction of Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.

"River Valley Capital Insurance is a highly-regarded, growing business with deep expertise in the long-haul trucking market that will expand our Midwest transportation practice," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome the team to Gallagher."

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 57 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 purpose of Arthur J. Gallagher's acquisition of River Valley Capital Insurance?

The acquisition aims to expand Gallagher's Midwest transportation practice by leveraging RVCI's expertise in the trucking insurance sector.

When was River Valley Capital Insurance acquired by Arthur J. Gallagher?

Arthur J. Gallagher announced the acquisition of River Valley Capital Insurance on October 11, 2021.

What impact does the acquisition of RVCI have on Arthur J. Gallagher's business?

The acquisition is expected to enhance Gallagher's service offerings in the trucking insurance market, potentially increasing revenue in the Midwest region.

Who will manage River Valley Capital Insurance after the acquisition?

Ryan Isaacs will continue to lead River Valley Capital Insurance following its acquisition by Arthur J. Gallagher.

What market does River Valley Capital Insurance specialize in?

RVCI specializes in providing insurance coverage primarily for long-haul trucking firms in the Midwest.