Arthur J. Gallagher, an Illinois-based insurance coverage brokerage, danger administration and consulting providers supplier, has introduced the acquisition of Texas-based retail insurance coverage company CBS Insurance coverage for an undisclosed quantity.
Arrange in 1992, CBS Insurance coverage affords property, casualty and well being/advantages coverages throughout Texas and the encircling area.
Peter Lauve, Steve Senter and their companions and associates will proceed to be of their current location beneath the path of Bret VanderVoort, who’s the pinnacle of Gallagher’s South Central retail property/casualty brokerage operations.
Arthur J. Gallagher chairman, president and CEO J. Patrick Gallagher, Jr stated: “CBS Insurance coverage is a well-regarded insurance coverage company with a powerful development document that expands our retail insurance coverage and consulting capabilities in Texas. I’m very happy to welcome Peter, Steve and their crew to Gallagher.”
In December 2022, Arthur J. Gallagher agreed to purchase the partnership pursuits of BCHR Holdings (Buck).
Gallagher agreed to pay a gross consideration of $660m or round $585m web of agreed seller-funded bills and web working capital for Buck and its subsidiaries.
Throughout the identical month, Arthur J. Gallagher acquired Nek Insurance coverage, an El Cerrito, California-based retail insurance coverage company for undisclosed quantity.
In July 2022, Arthur J. Gallagher acquired Toronto-based 4 Corners Group for an undisclosed quantity and in June, it purchased Eire’s INNOVU Group.