Arthur J. Gallagher Acquires Bollinger InsuranceAugust 12, 2013 -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Bollinger, Inc., headquartered in Short Hills, New Jersey.
Bollinger is the nation’s 21st largest insurance broker, placing over $1 billion in insurance premiums into the marketplace annually. The firm’s business spans retail property and casualty insurance placement; wholesale brokerage and program management; and employee benefits brokerage and consultancy. Bollinger’s more than 500 employees currently operate out of eight offices in New Jersey, New York, and Pennsylvania.
This is the largest acquisition in Gallagher’s history, which includes 450 mergers and acquisitions. Together Gallagher and Bollinger will continue their common strategies of growing organically and through mergers and acquisitions, improving productivity and enhancing service quality, and maintaining a unique sales culture.