Arthur J. Gallagher & Co. Acquires GPL Assurance Inc.
Arthur J. Gallagher & Co. announced the acquisition of GPL Assurance Inc. (GPL), located in Montreal, Quebec, Canada. Terms of the transaction were not disclosed.
Founded in 1968, GPL is a retail insurance broker offering commercial property/casualty services to large corporations, middle-market and small business clients, as well as personal lines solutions for individuals, across the province of Quebec. GPL specializes in developing tailored risk management and insurance programs for the construction, knowledge-economy and commercial/SME sectors. President and CEO Louis-Thomas Labbé and his associates will continue to operate in their current locations in Montrealand Laval, Quebec, under the direction of Stephen Bryant, head of Gallagher's Canadian brokerage operations.
"GPL has an excellent reputation for superior client service, niche expertise and risk-management-led programs, with a team-based culture and family values similar to Gallagher's," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their strong geographic presence in Quebec will be an excellent complement to our existing Canadian operations in other provinces. We are very happy to welcome Louis-Thomas and his colleagues to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Illinois, has operations in 33 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.