ROLLING MEADOWS, Ill. - Arthur J. Gallagher & Co., the global insurance brokerage and risk management services firm, has expanded its presence in the Southeastern United States with the acquisition of Sheila J. Butler & Company (SJB), a Georgia-based employee benefits brokerage. The acquisition was announced today, with the terms of the transaction remaining confidential.
SJB specializes in offering employee benefits services to various group sizes within western Georgia, including the greater Atlanta area. Following the acquisition, the SJB team, including founders Sheila J. Butler and Blake Butler, will continue to operate from their current location. They will come under the leadership of Colby Paxton, who oversees Gallagher's employee benefits consulting operations in the Southeast region.
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., praised SJB's strong reputation for client service and expressed confidence that this move would bolster Gallagher's benefits consulting capabilities in Georgia. He also conveyed his enthusiasm about incorporating the SJB team into the Gallagher family.
Based in Rolling Meadows, Illinois, Arthur J. Gallagher & Co. (NYSE: AJG) operates globally, providing its services in approximately 130 countries. The firm's extensive network includes owned operations as well as a range of correspondent brokers and consultants.
This strategic acquisition is part of Gallagher's ongoing efforts to enhance its service offerings and expand its geographical reach. The move is expected to provide additional resources and expertise to clients in the region, further solidifying Gallagher's position in the competitive insurance and risk management industry. InvestingPro analysis shows the company maintains a "GOOD" overall financial health score, with analysts expecting continued net income growth this year. For detailed insights and more exclusive tips about AJG's financial outlook, investors can access the comprehensive Pro Research Report, available to InvestingPro subscribers.
The information in this article is based on a press release statement from Arthur J. Gallagher & Co.
In other recent news, Arthur J. Gallagher & Co. has made significant strides in its business strategy. The company has announced its intent to acquire AssuredPartners in a transaction valued at $13.45 billion. This acquisition, one of the largest in the company's history, is expected to bolster its market position and enhance its service offerings. Arthur J. Gallagher also acquired Shepard Insurance Group, expanding its high-net-worth offerings in the Northeast.
On the financial front, Arthur J. Gallagher reported a 13% increase in revenue across its Brokerage and Risk Management segments. Analysts project organic growth in both these segments for the year 2025.
Analyst firms have also recently adjusted their stance on the company. Truist Securities maintained its Hold rating on Arthur J. Gallagher with a target price of $275.00, while BMO Capital Markets raised their price target for the company's shares to $325.00. On the other hand, Goldman Sachs moved the company from a "Buy" to a "Neutral" rating. 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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