Arthur J. Gallagher & Co. Expands Reach with Encore Group Acquisition

Arthur J. Gallagher & Co., a leading global insurance brokerage, has made a significant move by acquiring Encore Insurance Services Inc., commonly referred to as Encore Group. This transaction was announced on January 6, 2025, and marks an important step in Gallagher's strategy to strengthen its operations in Canada.

Located in Waterloo, Ontario, Encore Group specializes in providing retail insurance brokerage services to commercial clients, focusing primarily on industries like manufacturing, construction, and financial institutions. This acquisition allows Gallagher to expand its service offerings and enhance its capabilities within the Canadian market, where Encore has established a strong reputation.

Joe Dalton, Scott Heaman, and their dedicated team at Encore will continue to operate from their current location, under the leadership of Dave Partington, who oversees Gallagher's Canadian retail property and casualty brokerage operations. By retaining Encore's existing management and staff, Gallagher aims to ensure a smooth transition and maintain the high-quality service that Encore's clients have come to expect.

J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., expressed his enthusiasm for the acquisition, stating that Encore Group's expertise significantly complements the company’s existing brokerage capabilities in Canada. He added, “I am excited to welcome Joe, Scott, and their associates to our growing, global team.” This sentiment underscores Gallagher's commitment to growth and dedication to providing innovative insurance solutions.

Arthur J. Gallagher & Co. operates globally in approximately 130 countries, providing comprehensive insurance brokerage, risk management, and consulting services. With a robust network of correspondent brokers and consultants, Gallagher is well-positioned to serve its clients across various sectors. The company is headquartered in Rolling Meadows, Illinois, and is publicly traded on the New York Stock Exchange under the ticker symbol AJG.

The terms of the acquisition were not disclosed, but it reflects Gallagher's ongoing strategy to expand its footprint and enhance its product offerings through strategic acquisitions. The insurance brokerage industry has witnessed a wave of mergers and acquisitions in recent years, as firms seek to diversify their service lines and grow their market presence.

In summary, the acquisition of Encore Group is a strategic move for Arthur J. Gallagher & Co. that is expected to bolster its market position in Canada. By integrating Encore's expertise and resources, Gallagher aims to create synergies that will benefit both its clients and its broader strategic objectives, enhancing its capability to navigate an increasingly complex insurance landscape.