ROLLING MEADOWS, Ill.,
Sept. 27, 2019 /PRNewswire/ -- Arthur
J. Gallagher & Co. today announced that it has signed a
definitive agreement to acquire Bloomfield Hills, Michigan-based LSG Insurance
Partners. The acquisition is subject to customary closing
conditions and is expected to close in the fourth quarter of
2019.
Founded in 1968, LSG Insurance Partners has grown to become a
leading independent insurance, risk management and consulting
services agency in Michigan. LSG
offers a broad range of employee benefits, commercial
property/casualty, private client, and merger and acquisition
services and coverages to clients throughout the Midwest and across
the United States. Jay Schreibman, Todd
Preston and their associates will continue to operate from
their Bloomfield Hills and
Milwaukee branch locations under
the direction of Tom Lannen, head of
Gallagher's Great Lakes region employee benefits consulting and
brokerage operations, and Cindy
LaMantia, head of Gallagher's Great Lakes region retail
property/casualty brokerage operations.
"With their deep capabilities, focused consultative approach and
strong emphasis on cross-selling, the LSG team will be a terrific
strategic complement to our U.S. brokerage and consulting
operations," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "We are eager to welcome
Jay, Todd and their associates to our growing team."
"Adding LSG to our existing presence in Michigan will make us an even more formidable
player," said Tom Lannen. "We are
very excited about the impact that our combined team will have on
our clients."
"For over 50 years, we have focused on the power of partnership
with one goal in mind – to be the best possible advisor and
advocate for our valued clients," said Jay
Schreibman, President and CEO of LSG. "We will be delighted
to bring our clients the deep expertise and broad access to
products and services Gallagher offers, while maintaining our
high-touch, service-driven approach. This will give us the scale,
geographic reach and multi-channel network to effectively support
our clients as their businesses grow."
Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows,
Illinois. The company has operations in 35 countries and
offers client service capabilities in more than 150 countries
around the world through a network of correspondent brokers and
consultants.
Investors: Ray
Iardella
|
Media: Linda J.
Collins
|
VP – Investor
Relations
|
VP – Corporate
Communications
|
630-285-3661/ ray_iardella@ajg.com
|
630-285-4009/ linda_collins@ajg.com
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/arthur-j-gallagher--co-signs-definitive-agreement-to-acquire-lsg-insurance-partners-300926611.html
SOURCE Arthur J. Gallagher &
Co.