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Insurance Broker Gallagher To Buy UK Specialist Rival

Law360, London (January 7, 2019, 7:44 PM GMT) -- Global insurance broker Arthur J. Gallagher & Co. said Monday that it has agreed to buy Stackhouse Poland Group, a British rival that generates annual revenues of more than £55 million ($70 million), within three months.

Gallagher, which is headquartered in Illinois, said it expects to close the deal to acquire Stackhouse Poland Ltd., a specialist broker that employs 500 people in the U.K., during the first quarter of 2019. Gallagher declined to say how much it will pay for the company.

“Having begun life as a small, general practice broker, Stackhouse Poland has since grown through a well-managed blend of...

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