Arthur J. Gallagher Enhances Brokerage Strength with Dominick Falcone Agency Acquisition

Arthur J. Gallagher & Co. Strengthens Position with Recent Acquisition

In a strategic move to enhance its operations and leverage its market position, Arthur J. Gallagher & Co., a prominent global insurance brokerage firm, has acquired the Dominick Falcone Agency, Inc., and its affiliate Falcone Associates, Inc. This acquisition occurred on February 3, 2025, and is poised to elevate the company's capabilities within the competitive insurance landscape of Central New York.

A Focus on Central New York

Based in Syracuse, New York, Dominick Falcone Agency specializes in providing both property and casualty insurance products, catering to a diverse clientele that includes both commercial and personal lines. Furthermore, its affiliate, Falcone Associates, is recognized for its employee benefits services, thereby allowing Gallagher to broaden its service offerings in that sector. This acquisition aligns with Gallagher's strategic goal to deepen its presence and expand resources in key markets.

Key personnel from Dominick Falcone Agency, including Michael Lavalle, David MacLachlan, Renee Guariglia, and Chris Marshall, will continue to operate in their current location. They will work under the leadership of Brendan Gallagher, who oversees Gallagher's Northeast region retail property and casualty brokerage operations, along with Scott Sherman, who heads the Northeast region's employee benefits consulting and brokerage operations.

Strengthening Retail Brokerage Capabilities

J. Patrick Gallagher, Jr., the Chairman and CEO of Arthur J. Gallagher & Co., expressed enthusiasm regarding the acquisition, highlighting the reputable standing of Dominick Falcone Agency in the marketplace. He noted, "The Dominick Falcone Agency and Falcone Associates have a strong market reputation and will further enhance our retail brokerage capabilities in central New York. I am delighted to welcome Michael, David, Renee, Chris, and their associates to Gallagher."

This acquisition is not merely a financial transaction; it signifies a commitment to providing superior service and innovative solutions to clients throughout the region. Gallagher aims to integrate the expertise of the new additions seamlessly into its existing operations, ensuring that clients of both firms enjoy uninterrupted service and access to an expanded range of products.

About Arthur J. Gallagher & Co.

Founded in Rolling Meadows, Illinois, Arthur J. Gallagher & Co. is a leading global insurance brokerage, risk management, and consulting services firm. Operating in approximately 130 countries, Gallagher provides a comprehensive suite of services through both its owned operations and a well-established network of correspondent brokers and consultants.

This acquisition is expected to enable Gallagher to further enhance its service offerings and operational capabilities in central New York, making it a formidable player in the insurance sector. With an increasing focus on expanding its brokerage capabilities, Gallagher is well poised to cater to the evolving needs of clients in the dynamic insurance marketplace.

In conclusion, Arthur J. Gallagher & Co.’s acquisition of Dominick Falcone Agency, Inc., and Falcone Associates, Inc. not only strengthens its operational foothold in Central New York but also reaffirms its commitment to providing exceptional service and innovative solutions to its clients. As the company continues to grow and expand its influence in the insurance industry, clients can expect higher levels of expertise and enhanced resources at their disposal.