Arthur J. Gallagher to acquire LSG Insurance Partners
Gallagher acquisition of LSG Insurance Partners : Global insurance brokerage firm Arthur J. Gallagher & Co. (Gallagher) has agreed to acquire Michigan-based LSG Insurance Partners for an undisclosed price, as per the latest insurance acquisition news.
Established in 1968, LSG Insurance Partners is an insurance, risk management and consulting services agency in Bloomfield Hills.
LSG Insurance Partners provides a variety of employee benefits, private client, commercial property/casualty, and merger and acquisition services, and coverages to clients in the Midwest and across the US.
Todd Preston, Jay Schreibman, and their associates will continue to operate from the company’s Bloomfield Hills and Milwaukee offices under the direction of Tom Lannen, head of the Great Lakes region employee benefits consulting and brokerage operations of Gallagher, and Cindy LaMantia, head of the global insurance brokerage firm’s Great Lakes region retail property/casualty brokerage operations.
Commenting on Gallagher acquisition of LSG Insurance Partners, J. Patrick Gallagher, Jr. – Chairman, President and CEO of Arthur J. Gallagher said: “With their deep capabilities, focused consultative approach and strong emphasis on cross-selling, the LSG team will be a terrific strategic complement to our U.S. brokerage and consulting operations.
“We are eager to welcome Jay, Todd and their associates to our growing team.”
Subject to customary closing conditions, Gallagher acquisition of LSG Insurance Partners is likely to be wrapped up in Q4 2019.
Jay Schreibman – President and CEO of LSG Insurance Partners, commenting on Gallagher acquisition of LSG Insurance Partners, said: “For over 50 years, we have focused on the power of partnership with one goal in mind – to be the best possible advisor and advocate for our valued clients.
“We will be delighted to bring our clients the deep expertise and broad access to products and services Gallagher offers, while maintaining our high-touch, service-driven approach. This will give us the scale, geographic reach and multi-channel network to effectively support our clients as their businesses grow.”
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