Arthur J. Gallagher & Co. Acquires Devitt Insurance Services Limited
PR Newswire
ROLLING MEADOWS, Ill. , Feb. 1, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Romford , Essex -based Devitt Insurance Services Limited ("Devitt") in the United Kingdom . Terms of the transaction were not disclosed.
Founded in 1936, Devitt is a privately owned retail property/casualty insurance broker predominantly focusing on coverages for motorcycles and motorhomes. It serves approximately 130,000 customers through a team of 130 colleagues. William Hughes , Tony Chapman and their associates will continue to operate from their current locations in Romford and Ipswich , Suffolk , under the direction of SME and Personal Lines Managing Director Gareth Birch .
"Devitt is a highly-regarded business and culturally is a great fit with Gallagher," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "The business's impressive specialist expertise is complementary to our existing UK Retail niche practices, extends our affinity partnership reach and further enhances our digital capabilities. I am delighted to welcome William, Tony and their associates to Gallagher."
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 68 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 |
SOURCE Arthur J. Gallagher & Co.