Arthur J. Gallagher & Co. unveiled its acquisition of the assets of Meadowbrook Insurance Agency, a prominent retail insurance broker headquartered in Southfield, Michigan. While the financial intricacies of this transaction remain undisclosed, the deal signifies a strengthening of Gallagher’s foothold in the Michigan and Florida insurance markets.

Acquisition Highlights: Inclusion of Affiliated Entities

Further intensifying the magnitude of this acquisition, Gallagher will assimilate two affiliated firms alongside Meadowbrook Insurance Agency: The Protection Center, located in Jackson, Michigan, and the Kleinschmidt Agency, Inc. from Ann Arbor, Michigan. These acquisitions are poised to enrich Gallagher’s service offerings and market presence in the region.

Operational Insights Post Acquisition

Post-acquisition, the Meadowbrook Insurance Agency personnel will be directed under the leadership of Sean Gallagher, who oversees Gallagher’s retail property/casualty brokerage functions in the Great Lakes region, and Tom Lannen, steering Gallagher’s employee benefits consulting ventures in the Midwest.

J. Patrick Gallagher, Jr., the Chairman, President, and CEO of Arthur J. Gallagher & Co., remarked on the acquisition, stating, “Meadowbrook Insurance Agency’s strong relationships across Michigan will enhance our strategic capabilities in the region and deepen our market expertise in public entity, manufacturing and real estate. I am very pleased to welcome the Meadowbrook Insurance Agency team to Gallagher.”

  Arthur J. Gallagher, Insurance acquisition news, Insurance industry news, Meadowbrook Insurance Agency, Michigan, USA