Arthur J. Gallagher expands in New York with acquisition of Evans Agency

In a significant move to expand its market presence in the Northeastern United States, Arthur J. Gallagher & Co. has entered into a definitive agreement to acquire The Evans Agency, LLC, a subsidiary of Evans Bancorp, Inc. (NYSE:EVBN). This strategic acquisition, expected to be finalized in the fourth quarter of 2023, represents a key step in Gallagher’s growth strategy.

Enhancing Northeastern Insurance Operations

The acquisition of The Evans Agency, located in Williamsville, New York, will bolster Gallagher’s insurance brokerage operations in Western New York. Specializing in commercial property/casualty insurance with a niche in public entity and scholastic sectors, The Evans Agency also provides personal lines and employee benefits services. This move is poised to complement and expand Gallagher’s existing services in the region.

Leadership and Integration Plans Unveiled

Post-acquisition, Aaron Whitehouse and his team from The Evans Agency will come under the leadership of Patrick Kennedy, who heads Gallagher’s Northeast region retail property/casualty brokerage operations. This integration underscores the company’s commitment to leveraging local expertise while expanding its regional footprint.

A Cultural and Strategic Alignment

J. Patrick Gallagher, Jr., the Chairman, President and CEO of Arthur J. Gallagher & Co., has expressed his enthusiasm for the new addition, citing the alignment in expertise and culture between the two entities. “I look forward to welcoming Aaron and his associates to Gallagher,” he remarked, indicating a seamless merger of values and business practices.

Arthur J. Gallagher & Co., recognized globally for its insurance brokerage, risk management, and consulting services, continues to strengthen its international and domestic operations through strategic acquisitions. Headquartered in Rolling Meadows, Illinois, the company extends its services globally across approximately 130 countries, cementing its position as a leader in the industry.