Investment Thesis
Arthur J. Gallagher is a leading insurance broker and risk consultant with strong share in middle-market commercial clients. Acquisition roll-ups, Gallagher Benefit Services, and reinsurance operations drive steady double-digit EPS growth.
- Acquisition Engine: Hundreds of tuck-ins annually expand geographic reach and specialty expertise.
- Benefit Consulting: GBS capitalizes on employer demand for affordable health plans.
- Risk Analytics: Data and benchmarking tools enhance client retention and cross-sell.