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Gallagher Expands
Zacks Investment Research
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Arthur J. Gallagher Expands Globally With Boston Marks Buyout
Zacks Equity Research December 07, 2018
BRO EHTH AJG MMC
Trades from $1
Arthur J. Gallagher & Co. (AJG - Free Report) recently acquired insurance brokers of Boston Marks Group in its effort to expand outside the United States. The terms of the transaction remain undisclosed.
The acquisitions include Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom. Established in 1985, Boston Marks Group provides brokerage insurance for the aviation sector. The company offers retail property/casualty brokerage services to a broad range of government, commercial and private aviation and aerospace clients. It has operations in Auckland and Papakura in New Zealand, Gold Coast, Queensland and Perth, Western Australia in Australia and London, England.
Addition of these insurance brokers to Arthur J. Gallagher’s portfolio will help ramp up its capabilities in the aviation sector, particularly in Australia and New Zealand.
Arthur J. Gallagher derives about one-third of its revenues from international operations. Given the number and size of the non-U.S. acquisitions, the Zacks Rank #3 (Hold) insurance broker expects international contribution to total revenues to increase.
Given the insurance industry’s all-time high capital level, insurers are aggressively pursuing mergers and acquisitions to ramp up growth, expand footprint, enhance capabilities and diversify operations. Arthur J. Gallagher’s inorganic pipeline remains strong with about $500 million of revenues.
Shares of Arthur J. Gallagher have rallied 18.6% year to date, outperforming the industry’s increase of 11.8%. Its expansion policy to ramp up growth and a strong capital position should help retain the momentum.
Gallagher Expands
Zacks Investment Research
Back to top
Arthur J. Gallagher Expands Globally With Boston Marks Buyout
Zacks Equity Research December 07, 2018
BRO EHTH AJG MMC
Trades from $1
Arthur J. Gallagher & Co. (AJG - Free Report) recently acquired insurance brokers of Boston Marks Group in its effort to expand outside the United States. The terms of the transaction remain undisclosed.
The acquisitions include Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom. Established in 1985, Boston Marks Group provides brokerage insurance for the aviation sector. The company offers retail property/casualty brokerage services to a broad range of government, commercial and private aviation and aerospace clients. It has operations in Auckland and Papakura in New Zealand, Gold Coast, Queensland and Perth, Western Australia in Australia and London, England.
Addition of these insurance brokers to Arthur J. Gallagher’s portfolio will help ramp up its capabilities in the aviation sector, particularly in Australia and New Zealand.
Arthur J. Gallagher derives about one-third of its revenues from international operations. Given the number and size of the non-U.S. acquisitions, the Zacks Rank #3 (Hold) insurance broker expects international contribution to total revenues to increase.
Given the insurance industry’s all-time high capital level, insurers are aggressively pursuing mergers and acquisitions to ramp up growth, expand footprint, enhance capabilities and diversify operations. Arthur J. Gallagher’s inorganic pipeline remains strong with about $500 million of revenues.
Shares of Arthur J. Gallagher have rallied 18.6% year to date, outperforming the industry’s increase of 11.8%. Its expansion policy to ramp up growth and a strong capital position should help retain the momentum.
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