The M&A spree continues
Arthur J. Gallagher & Co. has signed a definitive settlement to amass The Evans Company, LLC in Williamsville, New York.
The Evans Company is a wholly-owned subsidiary of Evans Bancorp Inc. It offers industrial property/casualty insurance coverage options, with a concentrate on public entities and scholastic experience. Along with these core providers, it gives private strains and worker advantages providers, catering to purchasers all through Western New York.
With Gallagher’s acquisition, The Evans Company will function beneath the course of Patrick Kennedy, who heads retail property/casualty brokerage operations within the Northeast area.
The Evans Company is the newest in a sequence of M&A offers introduced by Gallagher in 2023. This acquisition is about to shut through the fourth quarter of the yr, in keeping with a information launch from the broking large.
“The Evans Company’s experience and tradition are an wonderful match for our Western New York workplace and can improve our capabilities within the area,” stated chairman, president and CEO J. Patrick Gallagher. “I stay up for welcoming Aaron and his associates to Gallagher.”
Different current bulletins embrace the appointments of Thomas J. Gallagher as president and Patrick M. Gallagher as govt vice chairman and chief working officer.
In revealing these management adjustments, the dealer stated J. Patrick Gallagher, Jr. will preserve his concentrate on the corporate’s strategic course and the vital points of home and world growth.
In the meantime, Thomas J. Gallagher and Patrick M. Gallagher will play very important roles in spearheading natural and M&A development initiatives, enhancing operational effectivity, in addition to making certain superior service supply throughout the group.
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