Arthur J. Gallagher & Co. Acquires Insurance by Ken Brown, Inc.

PR Newswire

ROLLING MEADOWS, Ill. , May 23, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Altamonte Springs, Florida -based Insurance by Ken Brown , Inc. (IBKB). Terms of the transaction were not disclosed.

IBKB is a retail insurance broker specializing in the construction and swimming pool industries, serving clients throughout Florida and the Southeast US. Ken Brown , Derek Brown and their team will remain in their current location under the direction of Peter Doyle , head of Gallagher's Southeast retail property/casualty brokerage operations.

"IBKB has a strong reputation and family culture, and their market expertise will enhance our opportunities in the region," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "I am very pleased to welcome Ken, Derek and their 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.

SOURCE Arthur J. Gallagher & Co.