#United States #Arthur J. Gallagher #Southern California #Tustin #BMR Insurance

Arthur J. Gallagher & Co. Acquires BMR Insurance

In a strategic move to bolster its retail brokerage capabilities, Arthur J. Gallagher & Co. has announced its acquisition of the Murray Gardner Insurance Agency Inc., known as BMR Insurance, based in Tustin, California. This acquisition marks a significant step in Gallagher's expansion strategy within Southern California's insurance market.

The deal, the terms of which have not been disclosed, aligns with Gallagher's goal to enhance its footprint in the insurance brokerage space. BMR Insurance, a retail agency, has built a strong reputation for providing both commercial and personal insurance services primarily in Southern California. The agency has successfully catered to a diverse client base, which was a driving factor in Gallagher’s decision to acquire them.

Gary Arch, the owner of BMR Insurance, along with his dedicated team, will continue operations from their existing location. They will work under the guidance of Scott Firestone, who oversees Gallagher's retail property and casualty brokerage operations in the Southwest region. This continuity is expected to allow for a seamless transition and maintain BMR's established local relationships.

J. Patrick Gallagher, Jr., the Chairman and CEO of Arthur J. Gallagher & Co., expressed enthusiasm about the acquisition, stating, "BMR Insurance has a culture like our own and will expand our retail brokerage capabilities in Southern California. I am delighted to welcome Gary and his associates to Gallagher." This sentiment reflects the company's commitment to integrating BMR’s expertise and nurturing its culture within the larger organization.

Founded in 1927, Arthur J. Gallagher & Co. has grown to become a global leader in insurance brokerage, risk management, and consulting services. The company is headquartered in Rolling Meadows, Illinois, and operates in approximately 130 countries worldwide through its owned offices and a network of correspondent brokers and consultants.

With the addition of BMR Insurance, Gallagher is well-positioned to enhance its service offerings, leveraging BMR's insights into the Southern California market. The acquisition underscores Gallagher’s strategy to grow through targeted acquisitions that complement its existing operations and align with its values.

This acquisition is part of a broader trend in the insurance industry where established firms are actively seeking to expand their portfolios through strategic mergers and acquisitions. The insurance landscape remains competitive, and companies are increasingly looking at ways to enhance their service offerings and reach new clients.

As Arthur J. Gallagher & Co. continues to expand, it seeks to uphold its commitment to providing high-quality insurance solutions while fostering a culture that values integrity, respect, and service excellence. The acquisition of BMR Insurance is a significant milestone that will support Gallagher's growth and further establish its presence in the Southern California market, allowing it to serve clients with one of the most robust insurance portfolios in the region.

This latest development in Gallagher’s growth trajectory not only illustrates its robust business model but also highlights the importance of cultural alignment in acquisitions. By integrating BMR Insurance into its operations, Gallagher aims to provide enhanced value to its clientele while creating additional opportunities for growth and innovation within the insurance sector.