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Gallagher buys stake in Aussie energy broker

Sarah Veysey

October 13, 2008 Reprints

Agents & Brokers Australia & New Zealand More + Less -

PERTH, AustraliaArthur J. Gallagher (Aus) Pty. Ltd. has acquired a 40% stake in Perth, Australia-based independent specialist energy and natural resources broker Specialised Broking Associates Pty. Ltd.

Terms of the deal were not disclosed.

"SBA has delivered an extraordinary growth record since opening and is an excellent business that fits very neatly with our global energy and mining play," said Peter Searson, chairman of Arthur J. Gallagher (Aus) Pty. Ltd., a unit of Itasca, Illinois-based Arthur J. Gallagher & Co.

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Gallagher buys stake in Aussie energy broker

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