Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett International Ltd., has acquired the assets of Llantrisant, Wales-based Adjusting Associates LLP.
Terms of the transaction were not disclosed.
Established in 2002 to provide loss adjusting and claims management services, Adjusting Associates predominantly manages domestic, commercial, liability and business interruption claims. It serves businesses primarily in the UK, as well as in the Republic of Ireland, France, Portugal, Italy and Spain.
Stephen Sheppard, Andrew Swan and their associates will continue to operate from their current location under the direction of Simon Pemberton, head of Gallagher Bassett’s UK operations.
“Adjusting Associates is a highly respected business that expands Gallagher Bassett’s UK client offerings and provides strong cross-selling opportunities,” said J. Patrick Gallagher Jr., chairman, president and CEO of Rolling Hills, Ill.-based Gallagher.
“This is an exciting acquisition for Gallagher Bassett, further developing our services for current and future clients. It presents a fantastic opportunity for us to expand our presence in the London market.” said Pemberton.
The partners of Adjusting Associates LLP, Stephen Sheppard and Andrew Swan said, “Adjusting Associates joining Gallagher Bassett provides an excellent opportunity to continue and enhance its ongoing expansion in the current UK market.”
Source: Arthur J. Gallagher & Co. and Gallagher Bassett
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