Arthur J. Gallagher & Co. today announced the acquisition of Caulfield, Victoria-based Sound Insurance Services. Terms of the transaction were not disclosed.
Founded in 2011 by Simon Feldman and Morris Alessi, Sound Insurance is a retail property/casualty broker serving small and mid-market corporate clients in the Melbourne Central Business District and Victoria from its primary office in Caulfield and a smaller office in the Docklands. Feldman, Alessi, Daniel Winkel, Mark O’Sullivan and their associates will continue to operate from their Caulfield location under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia.
“Sound Insurance is a well-regarded broker with a strong growth record that will enhance our capabilities in Melbourne, particularly in the small corporate and mid-market segment,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am delighted to welcome Simon, Morris, Daniel, Mark and their associates to our growing, global team.”
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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