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Gallagher completes UK brokerage buy

Posted On: Apr. 9, 2019 8:10 AM CST

Brokerage acquisition

Arthur J. Gallagher & Co. on Tuesday said it has completed its acquisition of specialist U.K. insurance broker Stackhouse Poland Group Ltd.

Terms of the deal, which was announced in January, were not disclosed.

Founded in 1974 in Guildford, England, Stackhouse Poland is a specialty brokerage with more than £55 million ($70.2 million) in annual revenues, 500 employees and 23 offices across the United Kingdom, Gallagher said in its earlier statement announcing the deal.

Arthur J. Gallagher & Co. is the fourth-largest insurance brokerage in the world, according to Business Insurance’s latest ranking