Arthur J. Gallagher Enhances Canadian Presence with Dawson & Keenan Acquisition

Arthur J. Gallagher Expands Its Footprint in Canada

In a significant move to strengthen its operations in the insurance sector, Arthur J. Gallagher & Co., announced on December 3, 2024, that it has acquired Dawson & Keenan Insurance Ltd., a reputable brokerage based in Sault Ste. Marie, Ontario. The financial details of the transaction have not been publicly disclosed, yet the acquisition is anticipated to create new growth avenues for Gallagher's retail insurance brokerage in Canada.

About Dawson & Keenan Insurance Ltd.

Dawson & Keenan Insurance has been serving clients in Northern Ontario for years, offering both personal and commercial insurance solutions. The brokerage has built a solid reputation in the region, showcasing a commitment to customer service and community involvement. Following the acquisition, Larry Day, along with his team, will continue to operate from their existing location, under the guidance of Dave Partington, who oversees Gallagher's Canadian retail property and casualty operations.

Gallagher's Vision and Future Plans

J. Patrick Gallagher, Jr., the Chairman and CEO of Arthur J. Gallagher, expressed enthusiasm about the acquisition, highlighting its strategic importance. He stated, "Dawson & Keenan Insurance has a long-standing reputation in the region and will provide growth opportunities for our retail brokerage operations in Canada." This acquisition is expected to not only enhance Gallagher's service capability in Canada but also strengthen its market position within the North American insurance landscape.

Arthur J. Gallagher & Co., listed on the NYSE under the symbol AJG, is a global insurance brokerage firm based in Rolling Meadows, Illinois. The company provides a wide range of risk management and consulting services, leveraging a network that spans across around 130 countries worldwide. With this acquisition, Gallagher continues to diversify its operations and expand its reach in the insurance sector, aiming to deliver customized solutions tailored to clients' needs.

Commitment to Stakeholders

As Gallagher integrates Dawson & Keenan into its operations, the firm remains committed to stakeholders, ensuring that existing customers of Dawson & Keenan will continue to receive the high level of service they have come to expect. The collaboration aims to bring added resources, expertise, and innovative solutions that will benefit both retail and commercial clients in the Canadian market.

This pivotal acquisition aligns with Gallagher's broader strategy of growth through judicious investments in reputable firms that enhance its service offerings and geographical reach. It signals Gallagher's commitment to expanding its influence in the thriving Canadian insurance market and reinforces its status as a leader in the global insurance industry.

In conclusion, the acquisition of Dawson & Keenan Insurance Ltd. marks a significant milestone for Arthur J. Gallagher & Co., reflecting its ongoing strategy to solidify its position as a leading insurance brokerage in Canada and beyond, while enhancing its capabilities to serve clients effectively in the ever-evolving insurance landscape.