Arthur J. Gallagher Acquires CCI Surety; Terms Of The Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Arthur J. Gallagher & Co. has announced that its U.S. wholesale brokerage division, Risk Placement Services, Inc. (RPS), has acquired CCI Surety, Inc. The terms of the transaction were not disclosed.
May 23, 2024 | 1:04 pm
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Arthur J. Gallagher & Co. has acquired CCI Surety, Inc. through its division, Risk Placement Services, Inc. The acquisition is expected to enhance AJG's wholesale brokerage capabilities.
The acquisition of CCI Surety by Arthur J. Gallagher & Co. is likely to strengthen its wholesale brokerage division, potentially leading to increased revenues and market share. This positive development is expected to have a favorable short-term impact on AJG's stock price.
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