Hughes Insurance Agency is known for providing comprehensive commercial, personal, and life & health insurance services to independent businesses and individuals across the Northeastern United States. The specific terms of the transaction have not been disclosed at this time.
As part of the acquisition, Linda Abodeely, Joe Koncikowski, and their team will continue their operations from the current location. They will be integrated into Gallagher Agency Alliance, operating under the guidance of Jen Tadin, Managing Director of Gallagher’s Global Small Business practice. Gallagher Agency Alliance follows a merger & acquisitions model, collaborating with agencies specializing in small business property & casualty insurance and employee benefits.
J. Patrick Gallagher, Jr., Chairman, President and CEO, commented on the acquisition, saying: “Hughes Insurance Agency’s strong growth record, reputation for client service and market expertise will enhance our capabilities in the region. I am delighted to welcome Linda, Joe and their associates to Gallagher.”
Arthur J. Gallagher has been on an acquisition spree in the past few months, making strategic moves across the industry. In a recent development, the company acquired specific assets of the retail agency business from Coverys Insurance Services, headquartered in East Lansing, Michigan.
November saw additional acquisitions, including Edgar Insurance Brokers based in Cobram, Victoria, and Keaney Insurance Brokers Ltd. in Dublin, Ireland. The momentum continued in October with the acquisition of Meadowbrook Insurance Agency in Michigan, The Coverage Pro—an expert retail insurance broker based in Arizona—and Altman Insurance Services.
The series of acquisitions underscores Arthur J. Gallagher’s proactive approach to expanding its presence and capabilities in the insurance landscape.
