ROLLING MEADOWS, Ill., Dec. 7, 2018 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of UK-based Pavey Group. Terms of the transaction were not disclosed.
A retail insurance broker with offices in Torquay, Exeter, Holsworthy and Highbridge, England, Pavey Group offers retail property and casualty insurance and risk management advice to commercial businesses, care facilities, charities and the construction, manufacturing, agricultural and leisure sectors. Graham Brown, Managing Director of Pavey Group, and his associates will continue to operate from their existing office locations and will form part of Gallagher's UK Retail Division.
"Pavey Group is a very well-respected firm with a complementary culture and mix of business that expands Gallagher's presence in South West England," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are delighted to welcome Graham and his colleagues to our growing global team."
"Pavey Group has an excellent reputation for looking after its clients' needs in the mid-corporate space and in specialist sectors," said Michael Rea, Chief Executive of Gallagher's UK Retail Division. "We really like the management team, their values and the culture that they have created, and are looking forward to working together and taking the business forward."
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 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.