Arthur J. Gallagher & Co. announced the acquisition of Wilson M. Beck Insurance Services. Terms of the transaction were not disclosed.
Wilson M. Beck Insurance Services is based in Burnaby, British Columbia. The company provides retail insurance brokerage services to commercial clients, primarily in Western Canada.
WMB focuses on several key industries, including construction, commercial real estate, surety bonding, hospitality, and mining. The acquisition is expected to enhance Gallagher’s retail brokerage capabilities in Canada.
The WMB team will remain in its current locations. The team is led by David Beck and will operate under the direction of Dave Partington, head of Gallagher’s retail property/casualty brokerage operations in Canada, Latin America, and the Caribbean.
Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois. The company provides services in approximately 130 countries through its owned operations and a network of correspondent brokers and consultants.
KEY QUOTES:
“WMB’s excellent reputation for niche industry expertise will enhance our retail brokerage capabilities in Canada. I am very pleased to welcome David, his partners and associates to Gallagher.”
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co.
