ITASCA, Ill., Dec. 4, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Blue Holdings Pty Ltd based in Brisbane, Queensland, Australia. Terms of the transaction were not disclosed.
Established in 2005, Blue Holdings Pty Ltd (Blue) is an insurance broker and risk management services firm that provides retail property/casualty and insolvency insurance products and services primarily for its middle-market clients throughout Australia. They also specialize in coverages for the construction, transportation, engineering, mining and professional services industries. Blue's CEO Richard Smith and his associates will continue to operate from their Brisbane, Perth, Sydney, Melbourne and Townsville locations under the direction of Andrew Godden, head of Gallagher's Australian brokerage operation.
"Blue is a good example of how we continue to find new acquisition partners that fit well within our international platforms," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Its strong presence will add to our national brokerage footprint and its national insolvency practice will be a wonderful new niche specialization for us. Blue will be an excellent complement to our Australian operations, and we are pleased to welcome Richard and his colleagues to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.