Gallagher to acquire Stackhouse Poland

Arthur J. Gallagher is to acquire specialist UK insurance broker Stackhouse Poland. Founded in 1974 as a local community broker, Stackhouse Poland now generates over £55m in annualised revenues. With more than 500 employees, the broker operates from a network of 23 offices across the UK and has insurance divisions specialising in high-net-worth private clients, real estate, commercial, healthcare and a wide range of specialist insurance sectors.

“Having begun life as a small, general practice broker, Stackhouse Poland has since grown through a well-managed blend of organic growth and targeted acquisitions, just like Gallagher, ” said chairman and chief exec, AJ Gallagher, J. Patrick Gallagher. “With its suite of specialisms and first-class reputation among clients in the UK marketplace, it will make an outstanding addition to our global team.”

Michael Rea, CEO of the UK Retail division at Gallagher, added: “This is a fantastic opportunity to bring together our two high-performing businesses. We’ve long admired Stackhouse Poland as an ambitious, well-run insurance broker with an impressive portfolio of specialisms that are highly complementary to our own, such as private clients, real estate, marine, churches and education."

The transaction is subject to regulatory approval and is expected to close in the first quarter 2019.

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