The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Jan. 29, 5:24 PM

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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Buy (3.31 out of 4)
44th percentile
(ranked lower than approx. 56% of all stocks covered)

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