Arthur J. Gallagher & Co. AJG, an insurer well known for its spree of acquisitions, recently added two more companies to its portfolio. The insurance broker acquired Brown Hobbs & McMurray Insurance (BHM) and Managed Healthcare Solutions, Inc. (MHS) for undisclosed amounts. The latest buys will help to further solidify the company’s domestic presence.
Founded in 1859, Urbana, IL-based Brown Hobbs & McMurray provides commercial property/casualty and employee benefits services. The company also renders risk management consultation and personal lines insurance services. The retail insurance broker caters to clients in the Midwest.
Brown Hobbs & McMurray has a deep middle-market client focus, expertise and outstanding client service. Hence, its acquisition will be pivotal for the acquirer to strengthen its central Illinois footprint.
Atlanta-based Managed HealthCare Solutions, on the other hand, has been proving employee benefit consultation and a management and brokerage service for more than two decades. The company’s clientele is spread across the southern United States. The company largely focuses on cost control and employee engagement. It also engages in drafting plans and funding arrangements for group health insurance programs.
Managed HealthCare Solution’s strong foothold in Atlanta, robust client service capabilities and solid health insurance carrier relationships should further enhance Arthur J. Gallagher’s southern employee benefits operations.
Arthur J. Gallagher boasts an impressive track record of buyouts. The insurer regularly makes prudent strategic acquisitions, which add substantially to its services and boost its inorganic growth portfolio.
Recent Acquisitions
Recently, Brown & Brown of Connecticut, Inc., a subsidiary of Brown & Brown, Inc. (BRO), acquired certain assets of Ocean Marine Agency, Inc. Another insurance broker, Marsh and McLennan (MMC) acquired the global pay and workforce metrics business provider, Comptryxs, in early October. Also, in October, The Travelers Companies, Inc. (TRV) acquired a majority stake in the property casualty business of its J. MalucelliParticipaçõesemSeguros e Resseguros S.A. (J. Malucelli) joint venture in Brazil.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment