A US-based international insurance brokerage and risk management services firm has strengthened its position as a market leader in Queensland with a new acquisition.
Arthur J. Gallagher & Co. has acquired Ace IRM Insurance Broking Group, a retail insurance broker headquartered in Beenleigh, Queensland.
The deal will see Ace IRM’s Greg Flower, Ann Flower, and their associates continue to operate in their current location under the direction of Sarah Lyons, head of Gallagher’s commercial broking operations in Australia.
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Established in 1981, Ace IRM provides general commercial and personal lines broking services, specialising in insurance coverages for strata management, veterinary services and the commercial, industrial, and hotel/hospitality industries.
Speaking about the company’s new acquisition, J. Patrick Gallagher, Jr., chairman, president, and CEO, said: “Ace IRM has earned an outstanding reputation for its deep client knowledge, and its strong sales and high-quality service culture.
“Their solid presence in a key growth area south of Brisbane will enable us to further establish our position as a market leader in Queensland and will enhance our acquisition efforts as the partner of choice in the Australian market.”
Arthur J. Gallagher acquires Brisbane-based financial services advisory firm
announces latest acquisition