Arthur J. Gallagher expands with OperationsInc acquisition By Investing.com

ROLLING MEADOWS, Ill. – Arthur J. Gallagher & Co., the global insurance brokerage and consulting services firm, has completed the acquisition of OperationsInc, LLC, a human resources consulting company based in Norwalk, Connecticut. The financial terms of the deal, announced today, have not been made public.

OperationsInc specializes in providing a range of services including human resources, payroll, HR information system (HRIS) services, talent acquisition, and employee training to a diverse clientele throughout the United States. Following the acquisition, the OperationsInc team, led by David Lewis, will continue to operate from their current location and will report to Steve Coco, the Global Human Resources & Compensation Consulting Managing Director at Gallagher.

J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., expressed enthusiasm for the new addition to the company’s portfolio, stating, “OperationsInc’s growth-oriented culture and deep capabilities in HR consulting will significantly broaden our client offerings.” He also extended a warm welcome to David Lewis and his associates as they join the Gallagher team.

Arthur J. Gallagher & Co., listed on the New York Stock Exchange under the ticker NYSE:AJG, is headquartered in Rolling Meadows, Illinois, and operates internationally, providing services in approximately 130 countries through both its own operations and a network of correspondent brokers and consultants.

This expansion is part of Gallagher’s strategic efforts to enhance its employee benefits consulting and brokerage operations. The acquisition is expected to bolster the company’s human resources and consulting services, further solidifying its position in the market.

The information in this article is based on a press release statement from Arthur J. Gallagher & Co.

In other recent news, Arthur J. Gallagher & Co. has been busy expanding its operations through several acquisitions. The company recently acquired Crawford Insurance, a retail insurance agency based in Pittsburgh, Pennsylvania, providing property and casualty insurance products. Additionally, Gallagher has also expanded its U.S. wholesale brokerage offerings with the acquisition of CCI Surety, Inc., a managing general underwriter specializing in surety bonds. The company’s growth continued with the acquisition of Acumen Advisors, Inc., an Iowa-based employee benefits consultancy.

In terms of financial analysis, Citi has increased its price target for Arthur J. Gallagher to $294 from $280 while maintaining a Buy rating. This revision comes after a detailed analysis of the company’s earnings potential and market conditions. On the other hand, Argus has raised its price target for Arthur J. Gallagher shares to $270 from $264, maintaining a Buy rating on the stock, based on expectations of robust organic growth within the company’s Brokerage and Risk Management units.

These recent developments highlight Arthur J. Gallagher’s strategic efforts to expand its operations and enhance its service offerings, as well as the continued confidence from financial analysts in the company’s financial health and growth prospects.

InvestingPro Insights

Arthur J. Gallagher & Co. (NYSE:AJG) continues to demonstrate its commitment to growth and value creation with the recent acquisition of OperationsInc, LLC. Investors watching the company’s performance will find the following insights from InvestingPro particularly relevant:

InvestingPro Data shows a robust revenue growth of 18.67% over the last twelve months as of Q1 2024, underscoring the company’s expanding operations. With a market capitalization of $57.82 billion, Arthur J. Gallagher & Co. is a significant player in the insurance and consulting industry. The firm’s P/E ratio stands at 32.34 when adjusted for the last twelve months, reflecting a premium valuation in the market.

An InvestingPro Tip highlights that AJG has raised its dividend for 13 consecutive years, indicating a strong commitment to returning value to shareholders. Additionally, the company has maintained dividend payments for an impressive 40 consecutive years, a testament to its financial stability and prudent management.

Investors interested in deeper analysis and additional InvestingPro Tips can explore further by visiting https://www.investing.com/pro/AJG. There are 11 more tips available on InvestingPro, providing a comprehensive view of Arthur J. Gallagher & Co.’s financial health and market position. For those looking to gain full access to these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

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