Gallagher expands Midwest presence with Schuetz Insurance buy

ROLLING MEADOWS, Ill. - Arthur J. Gallagher & Co (NYSE:AJG). has expanded its Midwest operations with the acquisition of M.J. Schuetz Insurance Services Inc., an Indianapolis-based firm known for its expertise in various industries, including construction and real estate. The financial terms of the deal, announced today, have not been disclosed.

Schuetz Insurance provides property/casualty, surety, and bonding services and is recognized for its specialized knowledge in sectors such as construction, landscaping, manufacturing, and real estate. The acquired company's team, including Dave Linthicum, Mike Cocoran, Jenni Waggoner, Stella Milli, and Pamela Kreeb, will continue to operate from their current Indianapolis location. They will now report to Sean Gallagher, head of Gallagher's Great Lakes region retail property/casualty brokerage operations.

J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., expressed satisfaction with the acquisition, noting that Schuetz Insurance's "deep history of growth and client service" and "strong niche capabilities" are poised to strengthen Gallagher's retail brokerage services in the Midwest region.

Arthur J. Gallagher & Co., with its headquarters in Rolling Meadows, Illinois, operates globally in the insurance brokerage, risk management, and consulting services sectors, maintaining a presence in approximately 130 countries through both owned operations and a network of correspondent brokers and consultants.

The acquisition is part of Gallagher's ongoing strategy to enhance its service offerings and client base in the United States, particularly in regions with significant growth potential. The integration of Schuetz Insurance into Gallagher's operations is expected to offer clients a broader range of services and deeper industry expertise.

This expansion move is based on a press release statement issued by Arthur J. Gallagher & Co. and does not include any additional financial details beyond those mentioned in the press release.

In other recent news, Arthur J. Gallagher & Co. has been active in the mergers and acquisitions arena, recently acquiring AssuredPartners, a move seen by BMO Capital Markets as a strategic use of free cash flow. BMO Capital has adjusted its future estimates for the company, including a 5% increase for 2025 and an 8% rise for 2026, reflecting anticipated revenue synergies from the acquisition. Analysts at Keefe, Bruyette & Woods and Truist Securities have also revised their price targets for Arthur J. Gallagher, with the former raising it to $292 and the latter maintaining it at $275.

Arthur J. Gallagher has also completed a significant common stock offering and is in the process of a multi-tranche notes offering, as part of its latest financial activities. The company has supplemented its risk factors related to the proposed acquisition of AssuredPartners, providing additional information on the potential risks associated with the transaction.

Recent developments also include the acquisition of Sheila J. Butler & Company, enhancing the company's benefits consulting capabilities in Georgia. Financially, Arthur J. Gallagher reported a 13% increase in revenue across its Brokerage and Risk Management segments, with analysts projecting organic growth in both these segments for the year 2025. These are all recent developments in Arthur J. Gallagher & Co.'s ongoing strategy to expand its market presence and enhance its service offerings.

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