The M&A spree continues
Arthur J. Gallagher & Co. has signed a definitive settlement to amass The Evans Company, LLC in Williamsville, New York.
The Evans Company is a wholly-owned subsidiary of Evans Bancorp Inc. It offers industrial property/casualty insurance coverage options, with a deal with public entities and scholastic experience. Along with these core providers, it provides private strains and worker advantages providers, catering to shoppers all through Western New York.
With Gallagher’s acquisition, The Evans Company will function underneath the route of Patrick Kennedy, who heads retail property/casualty brokerage operations within the Northeast area.
The Evans Company is the most recent in a collection of M&A offers introduced by Gallagher in 2023. This acquisition is about to shut through the fourth quarter of the 12 months, in accordance with a information launch from the broking large.
“The Evans Company’s experience and tradition are an wonderful match for our Western New York workplace and can improve our capabilities within the area,” mentioned chairman, president and CEO J. Patrick Gallagher. “I sit up for welcoming Aaron and his associates to Gallagher.”
Different current bulletins embody the appointments of Thomas J. Gallagher as president and Patrick M. Gallagher as government vp and chief working officer.
In revealing these management adjustments, the dealer mentioned J. Patrick Gallagher, Jr. will preserve his deal with the corporate’s strategic route and the crucial elements of home and world enlargement.
In the meantime, Thomas J. Gallagher and Patrick M. Gallagher will play important roles in spearheading natural and M&A development initiatives, enhancing operational effectivity, in addition to guaranteeing superior service supply throughout the group.
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