Arthur J. Gallagher & Co. Inc. has agreed to acquire the UK's specialist broker The Bollington Wilson Group Ltd., Gallagher said in a statement on Tuesday.
The terms of the deal were not disclosed.
Bollington was founded in 1973 as a local broker and has since grown into one of the UK's largest independent brokers with more than 400 employees.
The Group places more than 130 million pounds ($ 177 million) gross annual premium, according to its website.
Bollinger specializes in small and medium-sized businesses, micro-small and medium-sized businesses and personal businesses, says Gallagher.
Bollington is headquartered in Sales from offices in Liverpool, Bollington, Harrogate. , Sutton Coldfield, Stafford and Bolton.
The business will be part of Gallagher's UK retail division, and Paul Moors Group CEO will remain with Gallagher as chairman of Bollington, Gallagher said.
Bollington & # 39; s p Portfolio of specialties "complements our existing business areas and will give us further scale in the regional commercial brokerage sector", says Michael Rea, CEO of Gallagher's UK Retail Division.
Headquartered in Rolling Meadows, Illinois. , Gallagher is the fourth largest broker ranked by revenue from US clients, according to Business Insurance & # 39 ;s 2020 ranking.