Gallagher to buy UK specialty broker
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Arthur J. Gallagher & Co. Inc. has agreed to acquire United Kingdom-based specialty brokerage The Bollington Wilson Group Ltd., Gallagher said in a statement Tuesday.
Terms of the deal were not disclosed.
Founded in 1973 as a local community broker, Bollington has since grown into one of the UK’s largest independent brokerages with more than 400 employees.
The Group places more than £130 million ($177 million) annual gross written premium, according to its website.
Bollinger specializes in small and medium-sized enterprise, micro-small and medium-sized enterprise, and personal lines business, Gallagher said.
Headquartered in Sale, Bollington also operates from offices in Liverpool, Bollington, Harrogate, Sutton Coldfield, Stafford and Bolton.
The business will become part of Gallagher’s UK retail division, and Paul Moors Group CEO will remain with Gallagher as chairman of Bollington, Gallagher said.
Bollington’s portfolio of specialisms “are complementary to our existing business lines and will provide us with additional scale in the regional commercial broking sector,” Michael Rea, CEO of Gallagher’s UK retail division, said in the statement.
Headquartered in Rolling Meadows, Illinois, Gallagher is the fourth-largest brokerage ranked by revenue generated by U.S. clients, according to Business Insurance’s 2020 ranking.
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