Arthur J. Gallagher & Co. acquires Heath Lambert
by Richard Kilner
Story link: Arthur J. Gallagher & Co. acquires Heath Lambert
Today Arthur J. Gallagher & Co. (AJG) completed the purchase of HLG Holdings Ltd (the Heath Lambert Group) for a net purchase price of £97m.
Following the deal AJG’s London market and international presence will be augmented by HLG’s prestigious clients and recognised strengths in retail, commercial, personal lines and employee benefits.
The Heath Lambert Group has 16 offices throughout the UK and is headquartered in London, with AJG present in 11 countries through 20 offices, and the newly enlarged firm will employ a total of 1800 professionals.
Heath Llambert was founded well over a century ago and is now led by Adrian Colosso, who will continue to oversee Retail operations in the UK and will be directly responsible to David Ross, AJG International CEO.
Ross described the broker as a perfect cultural and strategic fit for AJG, adding that he was extremely excited about the opportunities the deal presents the firm.