Arthur J. Gallagher & Co. (NYSE: AJG) disclosed that it has acquired Little Rock, Ark.-based “The Robbi Davis Agency, Inc. (RDA)”. Since its inception in 1996, RDA is a full-service insurance agency focusing on employee benefits, Medicare supplement/drug plans, and individual health insurance, with a focus on small group businesses.
After the acquisition, Robbi Davis and her team will remain in their current location under the guidance of Jerry Roberts, head of Gallagher’s Heartland region employee benefits consulting operations. The Robbi Davis Agency is a traditional health & welfare agency that gained a reputation in the marketplace for its dedicated commitment to clients.
Arthur J. Gallagher & Co. (NYSE: AJG) shares were trading up 1.13% as it has gained +1.89 at the time of writing on Friday. Arthur J. Gallagher & Co. (NYSE: AJG) share price went from a low point around $112.92 to briefly over $171.18 in the past 52 weeks, though shares have since pulled back to $169.21. AESE market cap has remained high, hitting $34.97 billion at the time of writing.
About Arthur J. Gallagher & Co
The global insurance brokerage, risk management, and consulting services firm Arthur J. Gallagher & Co. (NYSE: AJG) is based in Rolling Meadows, Illinois. Through a network of correspondent brokers and consultants, the firm maintains operations in 68 countries. It offers client service capabilities in more than 150 countries throughout the world.