Arthur J. Gallagher Boosts Portfolio With Risk International

Group 1: Acquisition and Growth Strategy - Arthur J. Gallagher & Co. (AJG) acquired RIBV Holdings, LLC, doing business as Risk International, enhancing its advisory expertise and client relationships [1] - AJG has a strong merger pipeline with 60 term sheets signed or being prepared, representing approximately $550 million of annualized revenues [2] - The company expects an M&A capacity of $3.5 billion in 2024 and another $4 billion in 2025 without using any equity [2] Group 2: Financial Performance - AJG's shares have gained 27.1% year to date, compared to the industry's growth of 31.7% [4] - The company reported 24 new brokerage mergers in the first half of 2024, totaling $141.2 million of estimated annualized revenues [2] Group 3: Long-term Strategies - AJG's long-term growth strategies focus on organic revenue improvement and strategic mergers and acquisitions [3] - The company aims to enhance productivity and quality, which should contribute to strong future performance [3]