Global insurance broker Arthur J. Gallagher & Co. has signed an agreement to acquire 100% of The Bollington Wilson Group, a specialist UK broker.
Bollington was founded in 1973 and has divisions in SME, micro-SME and personal lines.
The business will become part of Gallagher’s UK Retail Division and its CEO will remain with Gallagher as Chairman of Bollington.
“Bollington will be a fantastic addition to Gallagher,” said J. Patrick Gallagher, Jr., Chairman, President and CEO.
“Its entrepreneurial spirit and exceptional track record of growth, both organic and through acquisitions, demonstrates a strategy and culture similar to our own, something that is highly important to us when making acquisitions. We look forward to welcoming the team to our growing, global company.”
Michael Rea, CEO of Gallagher’s UK Retail Division, added, “Bollington is hugely respected. This thriving business has strong capability and an impressive portfolio of specialisms that are complementary to our existing business lines, and will provide us with additional scale in the regional commercial broking sector.”
