In its effort to ramp up its growth profile via inorganic
Arthur J. Gallagher & Co
) announced the buyout of Ottawa, Ontario based Dickinson &
Associates, Inc. However, the terms of the deal remain
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Dickinson & Associates is an employee benefits insurance
broker and consultant providing a suite of group employee
benefits products and consulting services, and specializing in
group health and welfare, business insurance, executive programs,
pension programs, and retirement and estate planning services.
Founded in 1998, Dickinson & Associates operates in Canada.
William Ziebell, Arthur J. Gallagher & Co's Canadian employee
benefit brokerage and consulting leader, will lead Dickinson
Arthur J. Gallagher & Co. expects the addition of Dickinson
& Associates to its portfolio to help it to capitalize on its
solid Canadian presence and solid industry relationships, thereby
strengthening Gallagher's employee benefits brokerage and
Arthur J. Gallagher & Co. seems to be on acquisition spree.
In mid August, the insurance broker announced the acquisition of
Short Hills, New Jersey based Bollinger, Inc. Via this
present acquisition of Dickinson, Arthur J. Gallagher & Co.
envisions widening of its Northeastern operating platform and
market presence in three of its core businesses. Additionally, in
the last reported quarter, the company closed five acquisitions
with annualized revenues totaling $35.9 million. The company's
strong financial position continues to support the acquisitions.
Earlier, in July, insurance broker
Brown & Brown Inc
) announced the closure of acquisition by merger of Beecher
Carlson Holdings, Inc. Yet Marsh, a subsidiary of
Marsh & McLennan Companies, Inc
) closed the acquisition of Rehder y Asociados Group, the leading
insurance adviser in Peru in June.
Arthur J. Gallagher & Co. carries a Zacks Rank #3 (Hold).
With optimism over the acquisitions, we expect analysts to raise
their estimates, providing an upward directional pressure on its
Zacks Rank. In the insurance space,
Everest Re Group Ltd
) with Zacks Rank #1 (Strong Buy) is worth considering.