FX.co ★ Arthur J. Gallagher & Co. Purchases Dominick Falcone Agency And Falcone Associates

Arthur J. Gallagher & Co. (AJG), a leading global insurance brokerage and risk management firm based in Illinois, announced on Monday its acquisition of Dominick Falcone Agency, Inc., a New York property and casualty insurance provider, along with its affiliate, Falcone Associates, Inc., which specializes in employee benefits.

While the financial specifics of the acquisition have not been released, the key personnel from these firms—Michael Lavalle, David MacLachlan, Renee Guariglia, Chris Marshall, and their team—will continue to operate from their current location. They will report to Brendan Gallagher, who leads AJG’s Northeast Region Retail Property/Casualty Brokerage Operations, and Scott Sherman, who heads the Northeast Region Employee Benefits Consulting and Brokerage Operations.

As of now, AJG’s stock is performing well, trading at $308.17, reflecting a 2.10% increase on the New York Stock Exchange.