Arthur J. Gallagher & Co. has started out November with a bang, asserting its acquisition of Pennsylvania-dependent The Walsh Company, which does organization as BEAM Insurance, only one week just after the firm snapped up a benefits provider. Conditions of the transaction had been not disclosed.
BEAM was established in 1996, and gives assets and casualty insurance plan as very well as possibility management companies to reliable squander haulers and other professional clientele, concentrating its scope on Eastern Pennsylvania, New Jersey, and New York. The acquired company’s chief, Leo Robert (Bob) Begley, and his crew will hold running from their present place under the path of Dan Tropp, head of Gallagher’s mid-Atlantic area retail P/C brokerage functions.
Study extra: Insurance policies brokers ‘an crucial part’ of booming M&A specials – Aon
“BEAM further more expands Gallagher’s capabilities in serving strong squander haulers and adds a perfectly-identified group of pros to our Philadelphia-space operations,” mentioned Tropp in a news launch. “I am happy to welcome Bob and his associates to Gallagher.”
As the stop of 2018 draws to a close, the brokerage titan has not slowed down its acquisition exercise, bringing a number of insurance coverage organizations and method directors into its fold in latest months.