Arthur J. Gallagher & Co. Acquires Clements Worldwide; Terms Of The Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Arthur J. Gallagher & Co. has acquired international insurance broker Clements Worldwide. The terms of the transaction were not disclosed. Clements provides insurance products and services for various sectors including expats, diplomats, military personnel, nonprofits, contractors, embassies, and schools. The acquisition is expected to enhance Gallagher's international capabilities and provide significant cross-selling opportunities.

October 17, 2023 | 2:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Arthur J. Gallagher & Co.'s acquisition of Clements Worldwide could enhance its international capabilities and provide significant cross-selling opportunities.
The acquisition of Clements Worldwide, an international insurance broker, could significantly enhance Arthur J. Gallagher & Co.'s international capabilities. This could potentially lead to increased revenues and profitability due to cross-selling opportunities. Therefore, this news is likely to have a positive impact on AJG's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100