Acquisitions - AJ Gallagher eyes UK brokers
The US-based broker seems determined to gain a strong hold in the UK over the next two years, writes Ralph Savage
AJ Gallagher is preparing a UK acquisition spree, targeting regional and provincial commercial brokers willing to sell at a multiple of one-and-a-half times top-line revenue.
Chief executive David Ross told PB that, following the firm's purchase of London-based Oxygen Insurance Managers in September last year, he intends to grow its UK footprint further through 2009 and 2010.
"2009 and 2010 will be a period when you see Gallagher emerging in the UK as a large retail broker. At Gallagher, we've
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