Arthur J. Gallagher & Co. expands with Brazil acquisition

ROLLING MEADOWS, Ill. - Arthur J. Gallagher & Co., the global insurance brokerage and consulting services firm, has announced the acquisition of the Case Group, a Brazilian employee and health benefits brokerage and consulting firm. The financial terms of the deal, which was finalized today, have not been disclosed.

Case Group, based in São Paulo, specializes in providing employee and health benefits solutions to clients across Brazil. Following the acquisition, the Case Group team, led by Rafael Motta, will continue to operate from their current location. They will now function under the leadership of Luiz Araripe, the Country Manager for Gallagher’s operations in Brazil. The acquisition aligns with AJG’s growth trajectory, as InvestingPro analysis indicates net income is expected to grow this year, with the company maintaining a healthy current ratio of 1.51.

J. Patrick Gallagher, Jr., the Chairman and CEO of Arthur J. Gallagher & Co., expressed enthusiasm about the acquisition, stating, "Case Group’s market expertise in employee and health benefits solutions will expand our capabilities in Brazil." He also conveyed a warm welcome to Rafael Motta and his associates to Gallagher’s global team.

Arthur J. Gallagher & Co., with its headquarters in Rolling Meadows, Illinois, operates in approximately 130 countries. The company is known for its extensive network of correspondent brokers and consultants, as well as owned operations that provide a wide range of services.

The acquisition signifies Gallagher’s continued commitment to expanding its presence in international markets, particularly in Latin America, where the demand for employee and health benefits brokerage and consulting services is growing.

This strategic move by Arthur J. Gallagher & Co. aims to enhance the company’s service offerings and strengthen its market position in Brazil. The integration of Case Group’s local expertise with Gallagher’s global resources is expected to provide comprehensive solutions to clients in the region.

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

In other recent news, Arthur J. Gallagher & Co. reported its Q4 2024 earnings, with an adjusted EPS of $2.51, surpassing forecasts by 22.3%, although revenue fell slightly short at $2.68 billion against the expected $2.71 billion. The company demonstrated robust performance with a 12% increase in revenue and a 17% growth in adjusted EBITDA. In line with its growth strategy, Gallagher announced the acquisition of Agilis Partners LLC, aiming to enhance its retirement plan and investment consulting capabilities, and the acquisition of Dominick Falcone Agency, Inc. to bolster its retail brokerage capabilities in central New York.

Additionally, CFRA analyst Catherine Seifert raised the price target for Arthur J. Gallagher to $345, maintaining a Buy rating, citing the company’s above-peer organic revenue growth and successful acquisition strategy. Similarly, RBC Capital Markets increased the price target to $340, keeping an Outperform rating, highlighting strong brokerage margins and positive quarterly results. The anticipated closure of the Assured Partners acquisition in Q1 2025 is expected to further strengthen the company’s platform.

These developments reflect Gallagher’s ongoing strategy to expand its service offerings and geographic reach, with a steady and healthy merger and acquisition pipeline. The financial terms of recent acquisitions were not disclosed, aligning with Gallagher’s approach to strategic growth through both organic revenue increases and acquisitions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.