ROLLING MEADOWS, Ill.,
Oct. 14, 2019 /PRNewswire/
-- Arthur J. Gallagher & Co. today announced the
acquisition of Helsingborg, Sweden-based insurance broker Proinova. Terms
of the transaction were not disclosed.
Founded in 1989 by CEO Sten
Eriksson, Proinova specializes in delivering group solutions
for the real estate sector, offering insurance, loss prevention
training and claims advocacy services for trade association
members. It also serves clients in many related areas, such as
municipalities, hotels and conferences, business property and
individual real estate owners. Sten
Eriksson and his associates will continue to operate from
their current location under the direction of Anders Mjaaland, head of Gallagher's
Scandinavian operations.
"Proinova is a strong, family run business that extends
Gallagher's geographic presence into the southern region of
Sweden, and expands our
capabilities and product offering to clients across Scandinavia,"
said J. Patrick Gallagher, Jr.,
Chairman, President and CEO. "I am delighted to welcome Sten and
his associates to our growing global team."
Vyvienne Wade, CEO of Gallagher's
International division, added: "Proinova is an impressive business,
with high-quality people who focus on culture and clients first and
foremost, just as we do at Gallagher. Their location in the south
of Sweden is an excellent
geographic fit with our existing operations, as we look to continue
our strategic growth in Scandinavia."
Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has
operations in 48 countries and offers client service capabilities
in more than 150 countries around the world through a network of
correspondent brokers and consultants.
Investors: Ray
Iardella
|
Media: Linda J.
Collins
|
VP – Investor
Relations
|
VP – Corporate
Communications
|
630-285-3661/ ray_iardella@ajg.com
|
630-285-4009/ linda_collins@ajg.com
|
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SOURCE Arthur J. Gallagher &
Co.