Gallagher has acquired Fontenelle & Goodreau Insurance in Louisiana.
Under the deal, financial terms of which were not disclosed, founding member Charlie Fontenelle (pictured) and his team will continue operating from the company’s base in Metairie. They will be overseen by Bumpy Triche, head of the Southeast retail property/casualty brokerage operations at Gallagher.
J. Patrick Gallagher, Jr., chair and chief executive of the wider group, commented: “Fontenelle & Goodreau Insurance is a highly regarded agency whose products will enhance our capabilities, particularly within commercial real estate.
“I am delighted to welcome Charlie and his associates to Gallagher.”
Gallagher is expanding its insurance brokerage services with the acquisition of Metairie, Louisiana-based Fontenelle & Goodreau Insurance, LLC.
— Gallagher (@GallagherGlobal) April 18, 2024
Read the full press release here: https://t.co/sLFsrmEgGh#MergersAndAcquisitions pic.twitter.com/mAGzCUL0X6
Set up in 2006, Fontenelle & Goodreau Insurance specializes in commercial property/casualty coverages with a focus on large apartment accounts in the Louisiana market.
The acquisition comes on the heels of Gallagher snapping up Specialty Risk Management Services and Private Client Insurance Services in Florida.
At the time, J. Patrick Gallagher, Jr. said: “Specialty Risk Management Services and Private Client Insurance Services have a culture similar to ours and will deepen our service offerings in a key market.”
What do you think about this story? Share your thoughts in the comments below.
