STOCK TITAN

Arthur J. Gallagher & Co. Acquires Statewide Commercial Insurance Brokers

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)

Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Statewide Commercial Insurance Brokers, an Altadena, California-based retail property/casualty insurance agency. The acquired company specializes in construction contractors for commercial clients across California and other U.S. states.

Led by Lana Matar, the team will maintain their current location under Scott Firestone's direction, who heads Gallagher's Southwest region retail property/casualty brokerage operations. The financial terms of the acquisition were not disclosed.

The acquisition strengthens Gallagher's retail brokerage capabilities in Southern California, adding specialized expertise to their existing operations which span approximately 130 countries through owned operations and correspondent networks.

Arthur J. Gallagher & Co. (NYSE:AJG) ha acquisito Statewide Commercial Insurance Brokers, un'agenzia di assicurazioni proprietà/incidenti con sede ad Altadena, California. L'azienda acquisita è specializzata in contratti di costruzione per clienti commerciali in California e altri stati degli USA.

Guidato da Lana Matar, il team manterrà la propria sede attuale sotto la direzione di Scott Firestone, che dirige le operazioni di intermediazione per la proprietà/incidenti di Gallagher nella regione sud-occidentale. I termini finanziari dell'acquisizione non sono stati resi noti.

L'acquisizione rafforza le capacità di intermediazione al dettaglio di Gallagher nel sud della California, aggiungendo competenze specializzate alle loro operazioni già esistenti che si estendono in circa 130 paesi tramite operazioni proprie e reti di corrispondenza.

Arthur J. Gallagher & Co. (NYSE:AJG) ha adquirido Statewide Commercial Insurance Brokers, una agencia de seguros de propiedad/daños basada en Altadena, California. La empresa adquirida se especializa en contratistas de construcción para clientes comerciales en California y otros estados de EE. UU.

Dirigido por Lana Matar, el equipo mantendrá su ubicación actual bajo la dirección de Scott Firestone, quien lidera las operaciones de corretaje de seguros de propiedad/daños de Gallagher en la región suroeste. Los términos financieros de la adquisición no fueron divulgados.

La adquisición fortalece las capacidades de corretaje al por menor de Gallagher en el sur de California, añadiendo experiencia especializada a sus operaciones existentes que abarcan aproximadamente 130 países a través de operaciones propias y redes de corresponsales.

Arthur J. Gallagher & Co. (NYSE:AJG)Statewide Commercial Insurance Brokers를 인수했습니다. 이 회사는 캘리포니아주 알타디나에 위치한 소매 재산/상해 보험 에이전시입니다. 인수된 회사는 캘리포니아 및 기타 미국 주의 상업 고객을 위한 건설 계약자 전문입니다.

라나 마타의 지도 아래, 이 팀은 스콧 파이어스톤의 지휘 하에 현재 위치를 유지하게 되며, 그는 갤러거의 남서부 지역 소매 재산/상해 중개 운영을 이끌고 있습니다. 인수의 재정 조건은 공개되지 않았습니다.

이번 인수는 남부 캘리포니아에서 갤러거의 소매 중개 능력을 강화하고, 약 130개국에 걸쳐 소유된 운영 및 관련 네트워크를 통해 기존 운영에 전문성을 추가합니다.

Arthur J. Gallagher & Co. (NYSE:AJG) a acquis Statewide Commercial Insurance Brokers, une agence de courtage d'assurance des biens et accidents située à Altadena, Californie. L'entreprise acquise est spécialisée dans les entrepreneurs de construction pour des clients commerciaux en Californie et dans d'autres États américains.

Dirigée par Lana Matar, l'équipe conservera son emplacement actuel sous la direction de Scott Firestone, qui dirige les opérations de courtage d'assurance des biens et accidents de Gallagher dans la région sud-ouest. Les termes financiers de l'acquisition n'ont pas été divulgués.

L'acquisition renforce les capacités de courtage de détail de Gallagher dans le sud de la Californie, ajoutant une expertise spécialisée à leurs opérations existantes qui s'étendent sur environ 130 pays grâce à des opérations propres et des réseaux de correspondants.

Arthur J. Gallagher & Co. (NYSE:AJG) hat Statewide Commercial Insurance Brokers übernommen, eine in Altadena, Kalifornien ansässige Agentur für gewerbliche Sach- und Unfallversicherungen. Das übernommene Unternehmen ist auf Bauunternehmer für gewerbliche Kunden in Kalifornien und anderen US-Bundesstaaten spezialisiert.

Unter der Leitung von Lana Matar wird das Team seinen aktuellen Standort unter der Leitung von Scott Firestone beibehalten, der die Einzelhandelsbetriebsabläufe für Sach- und Unfallversicherungen von Gallagher in der Südwestregion leitet. Die finanziellen Einzelheiten der Übernahme wurden nicht bekannt gegeben.

Die Übernahme stärkt die Einzelhandelsmaklerfähigkeiten von Gallagher in Südkalifornien und fügt spezialisiertes Fachwissen zu ihren bestehenden Operationen hinzu, die sich in rund 130 Ländern erstrecken, sowohl durch eigene Betriebe als auch durch Korrespondenznetzwerke.

Positive
  • None.
Negative
  • None.

ROLLING MEADOWS, Ill., Nov. 4, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Altadena, California-based American Matar International, Inc., dba Statewide Commercial Insurance Brokers. Terms of the transaction were not disclosed.

Statewide Commercial Insurance Brokers is a retail property/casualty insurance agency specializing in construction contractors for commercial clients in California and several other U.S. states. Lana Matar and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.

"Statewide Commercial Insurance Brokers is a well-regarded agency with niche expertise that complements our retail brokerage capabilities in Southern California," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Lana and her 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-statewide-commercial-insurance-brokers-302294756.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What company did Arthur J. Gallagher (AJG) acquire in November 2024?

Arthur J. Gallagher acquired Statewide Commercial Insurance Brokers, based in Altadena, California.

What is Statewide Commercial Insurance Brokers' specialization?

Statewide Commercial Insurance Brokers specializes in property/casualty insurance for construction contractors, serving commercial clients in California and several other U.S. states.

Who will lead the Statewide Commercial Insurance Brokers team after the AJG acquisition?

Lana Matar and her team will remain in their current location, operating under Scott Firestone, who heads Gallagher's Southwest region retail property/casualty brokerage operations.

How will this acquisition benefit Arthur J. Gallagher's (AJG) operations?

The acquisition complements Gallagher's retail brokerage capabilities in Southern California by adding niche expertise in construction contractor insurance.

Arthur J. Gallagher & Co.

NYSE:AJG

AJG Rankings

AJG Latest News

AJG Stock Data

66.32B
216.58M
1.12%
88%
1.3%
Insurance Brokers
Insurance Agents, Brokers & Service
Link
United States of America
ROLLING MEADOWS