Arthur J Gallagher & Co.
) recently inked a deal to acquire a Massachusetts-based
insurance broker for an undisclosed amount.
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Arthur J. Gallagher & Co.'s strong financial position
comprising substantial cash balance and retained earnings
continues to support its series of acquisitions.
The insurance broker, known as Tudor Risk Services, LLC was
founded in 2009 and is located in Woburn, MA. It provides
employee benefits insurance and consulting services, property and
casualty insurance coverage to all lines, risk management
services, group health and welfare and wellness plans to its
clients across northeastern United States.
Arthur J Gallagher & Co. expects the acquisition to further
enrich its own portfolio and strengthen operations in the
Arthur J. Gallagher & Co. regularly undertakes acquisitions
to augment its product and service offerings and at the same
time, leverage its international footprint. In the previous
quarter, the company made eleven acquisitions. Further in
February this year, the company announced the acquisition of
Kent, Kent & Tingle, based in Shreveport, LA for an
Prior to that, on Feb 14, in an effort to consolidate its
foothold throughout the United States, Arthur J Gallagher &
Co. announced the first buyout of the first quarter of 2014 by
acquiring Alabama-based Benefit Development Group of Selma for an
Going ahead, we expect Arthur J. Gallagher & Co.'s compelling
inorganic growth story to boost its top- and bottom-line growth.
Among others in the property and casualty insurance industry, a
wholly-owned subsidiary of
White Mountains Insurance Group Ltd.
) announced, in Dec 2013, its decision to take over Star &
Shield Risk Management LLC for an undisclosed amount.
Also, in Nov 2013,
The Travelers Companies, Inc.
) closed its acquisition of Dominion of Canada General Insurance.
Arthur J Gallagher & Co. presently carries a Zacks Rank #3
(Hold). A better-ranked stock in the same space worth mentioning
Erie Indemnity Co.
), with a Zacks Rank #2 (Buy).