Gallagher acquires Wilson M. Beck Insurance Services
What's the deal? Arthur J. Gallagher & Co.Dealroom has a profile for this one. Try Dealroom → has acquired Wilson M. Beck Insurance Services Inc., a Burnaby, British Columbia-based retail insurance brokerage. Terms were not disclosed.
What does WMB do? The firm provides retail insurance brokerage services to commercial clients primarily in Western Canada. It focuses on construction, commercial real estate, surety bonding, hospitality, and mining.
What changes? The WMB team, led by David Beck, will stay in its current locations. It will report to Dave Partington, who heads Gallagher's retail property/casualty brokerage operations in Canada, Latin America, and the Caribbean.
Why it matters: "WMB's excellent reputation for niche industry expertise will enhance our retail brokerage capabilities in Canada," said chairman and chief executive officer J. Patrick Gallagher, Jr. The deal adds sector specialists to Gallagher's Canadian operations.
Who's buying? GallagherDealroom has a profile for this one. Try Dealroom → (NYSE: AJG) is a global insurance brokerage, risk management, and consulting firm headquartered in Rolling Meadows, Illinois. It operates in about 130 countries through owned operations and a network of correspondent brokers and consultants.
The signal: The acquisition continues Gallagher's steady expansion through tuck-in deals, deepening its presence in specialised commercial lines across Western Canada.
Read more: PR Newswire
Image credit: Sworldguy
