Arthur J.
Gallagher (AJG) has announced the acquisition of Ann Arbor, Michigan-based Armstrong/Robitaille/Riegle (ARR) and Ann Arbor Business Advisors. Terms of the transaction were not disclosed.
ARR is an insurance broker that offers employee benefits, retirement planning, life insurance and human resource consulting, as well as commercial and personal property/casualty coverages, to clients primarily across Michigan and California. It specializes in multi-state groups. Ann Arbor Business Advisors provides retirement plan services for institutional clients.
“Armstrong/Robitaille/Riegle has earned a reputation for superior client service, which closely mirrors Gallagher’s own approach,” said J. Patrick Gallagher, Jr., chairman, president and CEO of AJG.
In an interview with Insurance Business last month, AJG corporate vice president of mergers and acquisitions (M&A) Bill Bohstedt said acquisitions are part of the firm’s “DNA,” with over 500 acquisitions since it went public in 1984.
“So everybody from the top down thinks about finding great merger partners, regardless of where they are located or what they do, from a standpoint of fitting into our company,” he said.
Bohstedt said he has broadened his mergers and acquisitions team in the US as the firm plans “to do more and more mergers.”
The Illinois-based firm has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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