Arthur J. Gallagher & Co. Acquires R. W. Scobie; Terms Undisclosed
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of R. W. Scobie, Inc. headquartered in Eau Claire, Wisconsin. Terms of the transaction were not disclosed.
Founded in 1932, R. W. Scobie, Inc. (Scobie) is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients throughout United States. Peter Scobie, Robert Giles and their associates will continue to operate from their locations in Eau Claire; Minneapolis, Minnesota; New Albany, Indiana; West Des Moines, Iowa; Omaha, Nebraska; and Waukesha, Wisconsin under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
"The Scobie team is widely respected in the industry for their innovation, depth of experience, and dedication to client service. Not only do they add to our wholesale geographic footprint, but their talented sales culture brings over 80 years of specialty product knowledge which enables them to handle and match hard to place risks with the appropriate markets," said J. Patrick Gallagher, Jr., President and CEO. "Their expertise will be a wonderful complement to our expanding wholesale network, and we are extremely pleased to welcome Peter, Rob and their colleagues to our growing Risk Placement Services' family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 20 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
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