AJG Buys Dickinson & Associates - Analyst Blog
30 8월 2013 - 4:00AM
Zacks
In its effort to ramp up its growth profile via inorganic route,
Arthur J. Gallagher & Co. (AJG) announced the
buyout of Ottawa, Ontario based Dickinson & Associates, Inc.
However, the terms of the deal remain undisclosed.
Dickinson & Associates is an employee benefits insurance broker
and consultant providing a suite of group employee benefits
products and consulting services, and specializing in group health
and welfare, business insurance, executive programs, pension
programs, and retirement and estate planning services. Founded in
1998, Dickinson & Associates operates in Canada. William
Ziebell, Arthur J. Gallagher & Co’s Canadian employee benefit
brokerage and consulting leader, will lead Dickinson &
Associates.
Arthur J. Gallagher & Co. expects the addition of Dickinson
& Associates to its portfolio to help it to capitalize on its
solid Canadian presence and solid industry relationships, thereby
strengthening Gallagher’s employee benefits brokerage and
consulting operations.
Arthur J. Gallagher & Co. seems to be on acquisition spree. In
mid August, the insurance broker announced the acquisition of Short
Hills, New Jersey based Bollinger, Inc. Via this present
acquisition of Dickinson, Arthur J. Gallagher & Co. envisions
widening of its Northeastern operating platform and market presence
in three of its core businesses. Additionally, in the last reported
quarter, the company closed five acquisitions with annualized
revenues totaling $35.9 million. The company’s strong financial
position continues to support the acquisitions.
Earlier, in July, insurance broker Brown & Brown
Inc. (BRO) announced the closure of acquisition by merger
of Beecher Carlson Holdings, Inc. Yet Marsh, a subsidiary of
Marsh & McLennan Companies, Inc. (MMC) closed
the acquisition of Rehder y Asociados Group, the leading insurance
adviser in Peru in June.
Arthur J. Gallagher & Co. carries a Zacks Rank #3 (Hold). With
optimism over the acquisitions, we expect analysts to raise their
estimates, providing an upward directional pressure on its Zacks
Rank. In the insurance space, Everest Re Group
Ltd. (RE) with Zacks Rank #1 (Strong Buy) is worth
considering.
GALLAGHER ARTHU (AJG): Free Stock Analysis Report
BROWN & BROWN (BRO): Free Stock Analysis Report
MARSH &MCLENNAN (MMC): Free Stock Analysis Report
EVEREST RE LTD (RE): Free Stock Analysis Report
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