Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Jan. 29, 5:24 PM
| This Slide: #21 of 100 |
Slide #21. Arthur J. Gallagher& Co. — Remco Insurance Agencies, Inc.
Acquirer:
Arthur J. Gallagher& Co. (NYSE:AJG)
Acquiree:
Remco Insurance Agencies, Inc.
Details:
Arthur J. Gallagher& Co. today announced that its subsidiary, Risk Placement Services, Inc. (RPS), has acquiredAustin, Texas-based Remco Insurance Agencies, Inc. Terms of the transaction were not disclosed.
Gallagher (Arthur J.) is a holding company. Through its subsidiaries, Co. provides insurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations. Co.'s segments are: brokerage, which is mainly comprised of its retail and wholesale insurance brokerage operations; risk management, which provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure their property/casualty coverages and for underwriting enterprises that choose to outsource their property/casualty claims departments; and corporate, which manages its clean energy and other investments.
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Avg. Broker Rec.
 
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Buy (3.31 out of 4) 44th percentile
(ranked lower than approx. 56% of all stocks covered)
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