ROLLING MEADOWS, Ill. - Arthur J. Gallagher & Co., the global insurance brokerage and risk management services firm, has acquired Oakbrook Terrace-based Afina Insurance Advisors Inc., expanding its presence in the Chicago area. The terms of the deal, announced today, were not disclosed.
Afina Insurance, known for its property/casualty brokerage services to the greater Chicago region, will continue to operate from its current location. The existing team, led by George Van Denend, will now operate under the oversight of Ryan Isaacs, who heads Gallagher's Midwest region retail property/casualty brokerage operations.
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., commented on the acquisition, stating, "Afina Insurance is a highly regarded agency whose niche expertise complements our existing retail brokerage capabilities in the Chicago area." He expressed his pleasure in welcoming Van Denend and his associates to the company.
Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, has a far-reaching global footprint, offering its services in approximately 130 countries through owned operations and a network of correspondent brokers and consultants. The company is listed on the New York Stock Exchange under the ticker NYSE:AJG.
This strategic acquisition is part of Gallagher's continued efforts to enhance its service offerings and extend its market reach within the insurance sector. The move aligns with the company's growth strategy, which includes expanding its geographic presence and strengthening its expertise in key areas of the insurance market. The company has demonstrated strong execution with 15.8% revenue growth over the last twelve months, though current valuations suggest the stock may be trading above its Fair Value. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks including AJG.
The information about this acquisition is based on a press release statement from Arthur J. Gallagher & Co.
In other recent news, Arthur J. Gallagher & Co. has issued $5 billion in senior notes and completed a significant common stock offering. The company has also been expanding its operations through strategic acquisitions, including Durham & Bates Agencies, M.J. Schuetz Insurance Services, and AssuredPartners. These acquisitions have strengthened Arthur J. Gallagher's presence in the Pacific Northwest, Midwest, and Southeastern U.S. respectively.
On the financial front, the company reported a 13% increase in revenue across its Brokerage and Risk Management segments. Analyst firms such as BMO Capital, Keefe, Bruyette & Woods, and Truist Securities have projected organic growth in these segments for the year 2025. Following the AssuredPartners acquisition, BMO Capital revised its future estimates for Arthur J. Gallagher, including a 5% increase for 2025 and an 8% rise for 2026.
Keefe, Bruyette & Woods and Truist Securities have also revised their price targets for Arthur J. Gallagher, with the former raising it to $292 and the latter maintaining it at $275. These developments are part of Arthur J. Gallagher & Co.'s ongoing strategy to expand its market presence and enhance its service offerings.
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