Gallagher has announced on Tuesday the successful completion of its previously disclosed acquisition of specialist UK insurance broker Stackhouse Poland Group Limited following full regulatory approval.
Over the last 45-years, Stackhouse Poland has grown into a highly successful, large-scale broker generating over £55m in annualised revenues and operating from a network of 23 offices. It has well-established specialist insurance divisions including high net worth private clients, real estate, healthcare and commercial.
Michael Rea, CEO of the UK Retail division at Gallagher said, “Stackhouse Poland is a fantastic business that strengthens our specialist businesses, expands our route to market and, importantly, extends our customer choice.
“Culturally we are a great fit with our shared values of ‘doing the right thing’ for our clients and colleagues, and today we are delighted to welcome more than 500 new colleagues into the Gallagher family. Now we turn our attention to bringing together our businesses and combining our capabilities for the benefit of all our clients.”
Simon Matson, CEO of Gallagher’s UK Broking & Underwriting business added, “The acquisition of such a high-performing, well-respected broker as Stackhouse Poland is testament to the great quality of businesses and talent that Gallagher continues to attract here in the UK. I very much look forward to meeting all our new colleagues in the weeks and months to come.”