ROLLING MEADOWS, Ill. — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Romford, Essex-based Devitt Insurance Services Limited (“Devitt”) in the United Kingdom. Terms of the transaction were not disclosed.
Founded in 1936, Devitt is a privately owned retail property/casualty insurance broker predominantly focusing on coverages for motorcycles and motorhomes. It serves approximately 130,000 customers through a team of 130 colleagues. William Hughes, Tony Chapman and their associates will continue to operate from their current locations in Romford and Ipswich, Suffolk, under the direction of SME and Personal Lines Managing Director Gareth Birch.
“Devitt is a highly-regarded business and culturally is a great fit with Gallagher,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “The business’s impressive specialist expertise is complementary to our existing UK Retail niche practices, extends our affinity partnership reach and further enhances our digital capabilities. I am delighted to welcome William, Tony and their associates to Gallagher.”
Source: Arthur J. Gallagher & Co.
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