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ROLLING MEADOWS, Ill. - Arthur J. Gallagher & Co. has expanded its footprint in the insurance sector with the acquisition of Wilkins & Associates Insurance Services, Inc., a retail insurance broker based in Reno, Nevada. The terms of the deal, which was announced today, have not been disclosed.
Wilkins & Associates, established by Tom and Melanie Wilkins, caters to both commercial and personal lines clients in Reno and the western Nevada region. Following the acquisition, the team from Wilkins & Associates, including Steve Wilkins and Jared Wilkins, will continue their operations under the direction of Scott Firestone, who leads Gallagher’s Southwest region retail property/casualty brokerage operations.
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., expressed enthusiasm about the acquisition, stating, "Wilkins & Associates is a highly regarded firm with a client-focused culture that will enhance our retail brokerage capabilities in Nevada." He welcomed Steve, Jared, and their associates to the company, highlighting the cultural alignment and potential for enhanced services in the region.
Arthur J. Gallagher & Co., traded on the New York Stock Exchange under the ticker NYSE:AJG, is a global insurance brokerage, risk management, and consulting services firm with headquarters in Rolling Meadows, Illinois. The company operates in approximately 130 countries worldwide, leveraging both its owned operations and a network of correspondent brokers and consultants.
This strategic acquisition is part of Gallagher’s ongoing effort to expand its market presence and service offerings in key regions. The integration of Wilkins & Associates’ operations is expected to provide a broader range of insurance solutions to clients in Nevada.
The information reported is based on a press release statement from Arthur J. Gallagher & Co.
In other recent news, Arthur J. Gallagher & Co. reported its first-quarter 2025 earnings, showcasing a 14% revenue growth, although slightly missing revenue forecasts with $3.68 billion compared to the expected $3.75 billion. The company achieved an adjusted earnings per share (EPS) of $4.16, surpassing analyst expectations of $3.59. Arthur J. Gallagher completed 11 tuck-in mergers, further expanding its market reach. The company maintains an optimistic outlook for the year, targeting a 6-8% organic growth in its brokerage segment. Additionally, Arthur J. Gallagher plans to continue its mergers and acquisitions strategy with a $2 billion capacity in 2025, expanding to $5 billion in 2026. The company also reported a strong performance in its reinsurance segment with a 20% organic growth, driven by 15 new client wins. Despite these positive developments, the company faces challenges such as revenue shortfalls against forecasts and potential impacts from tariffs on international operations.
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