STOCK TITAN

Arthur J. Gallagher & Co. Acquires The Kirksey Agency, Inc.

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of The Kirksey Agency, Inc., based in West Monroe, Louisiana, which has a strong focus on crop insurance. Founded in 1980, The Kirksey Agency has recently expanded its product offerings to include various commercial and personal services throughout the South Central United States. Bill and Grace Kirksey will maintain their roles under Gallagher's Mid-South region management. This acquisition is expected to enhance Gallagher's agricultural capabilities and client offerings in the region.

Positive
  • Enhances Gallagher's agricultural capabilities.
  • Expands client offerings across the Mid-South region.
  • Strengthens presence in the crop insurance market.
Negative
  • None.

ROLLING MEADOWS, Ill., Sept. 16, 2020 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of West Monroe, La.-based The Kirksey Agency, Inc. Terms of the transaction were not disclosed.

The Kirksey Agency was founded in 1980 with crop insurance as its flagship product, servicing Louisiana, Arkansas and Mississippi. The agency has expanded its offerings in recent years to provide a full range of commercial and personal products and services to clients across the South Central United States. Bill and Grace Kirksey and their team will continue to operate in their current location under the direction of Bumpy Triche, head of Gallagher's Mid-South region retail property/casualty brokerage operations. 

"The Kirksey Agency expands Gallagher's agricultural capabilities and deepens our client offerings across the Mid-South region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are very pleased to welcome Bill, Grace and their 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

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-the-kirksey-agency-inc-301132404.html

SOURCE Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co.

NYSE:AJG

AJG Rankings

AJG Latest News

AJG Stock Data

64.51B
219.40M
1.12%
88.46%
1.29%
Insurance Brokers
Insurance Agents, Brokers & Service
Link
United States of America
ROLLING MEADOWS