Arthur J. Gallagher & Co. (AJG) has announced its acquisition of The Presidio Group, which is expected to enhance its presence in western USA.
Presidio is a retail insurance broker that offers bespoke solutions for risk management, employee benefits consulting, group captives, loss control, safety programs and risk financing services to clients across the west. Its main areas of focus are manufacturing, construction, transportation, energy and the service sector.
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According to a
Yahoo Finance report, Presidio professionals will continue to work from their current location under the helm of AJG honchos in the western business area.
The report quoted AJG chairman, president and chief executive Patrick Gallagher Jr as saying, “the Presidio Group is recognized for its consultative approach and strategic focus on reducing its clients’ total cost of risk. This approach aligns with Gallagher’s own objectives.”
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