GALLAGHER ACQUIRES PRESIDIO GROUP IN UTAH

US broking group Arthur J Gallagher & Co has acquired The Presidio Group, a Utah-based retail broker that provides a range of products and services to clients in the construction, manufacturing, transportation, service and energy industries in the western US. Terms of the deal were not disclosed. Presidio founder John Schlichte and his team will continue to operate from their offices in Salt Lake City and will report to James McFarlane, head of Gallagher’s western US retail property/casualty broking operations, and Norbert Chung, head of Gallagher’s western US employee benefits consulting and broking operations. “The Presidio Group is recognised for their consultative approach and strategic focus on reducing their clients’ total cost of risk,” said Gallagher chairman, president and chief executive J Patrick Gallagher. “This approach aligns with Gallagher’s own objectives.”