Arthur J. Gallagher & Co. Acquires Strathearn Insurance Brokers

Dec 17, 2015, 18:12 ET from Arthur J. Gallagher & Co.

ITASCA, Ill., Dec. 17, 2015 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired 100% of the capital stock of Strathearn Insurance Group Pty Ltd (Strathearn), headquartered in Perth, Australia.  Terms of the transaction were not disclosed.

Founded in 1993, Strathearn provides commercial insurance and risk management services to mid-market and larger clients with complex insurance needs.  It has since expanded to Eastern Australia and now has offices in Brisbane, Sydney and Adelaide.  Paul Harvey and his associates will continue to operate from their current locations under the direction of Andrew Godden, head of Gallagher's Australian insurance brokerage operation.

"Over the past 24 months, Gallagher has partnered with a number of outstanding acquisitions in Australia that had similar cultures and strategic growth goals.  With their broad range of insurance broker capabilities particularly in servicing complex risks, Strathearn's team is another wonderful match for us," said J. Patrick Gallagher, Jr., Chairman, President and CEO.  "We are excited about completing this transaction and look forward to welcoming Paul 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 31 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. 

Investors: Marsha J. Akin   

Media:  Linda J. Collins

Director - Investor Relations  

VP – Corporate Communications

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SOURCE Arthur J. Gallagher & Co.