Arthur J. Gallagher & Co. Expands Presence in Southwest with Acquisition of The Coverage Pro
Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has announced its acquisition of The Coverage Pro, a retail insurance broker based in Scottsdale, Arizona. The terms of the transaction have not been disclosed.
The Coverage Pro specializes in providing insurance solutions for construction projects, catering to both commercial and personal lines clients throughout Arizona. As part of the acquisition, Arthur J. Gallagher & Co. will also gain ownership of The Coverage Pro’s affiliated company, General Southwest Insurance Agency, located in Phoenix.
Under the leadership of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations, Jeff LaScala, Caily LaScala, and their team will continue operating from their current location. This strategic move is expected to enhance Gallagher’s capabilities in the Southwest region.
J. Patrick Gallagher, Jr., Chairman, President, and CEO of Arthur J. Gallagher & Co., expressed his enthusiasm for the acquisition, stating, “The Coverage Pro has a culture similar to ours, and their market expertise will enhance our capabilities in the Southwest. I am very pleased to welcome Jeff, Caily, and their associates to Gallagher.”
Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, operates globally, providing insurance brokerage, risk management, and consulting services in approximately 130 countries. The company’s extensive network of owned operations, correspondent brokers, and consultants enables them to deliver comprehensive services to clients worldwide.
This acquisition marks a significant step for Arthur J. Gallagher & Co. in expanding its presence in the Southwest and strengthening its position as a leading insurance brokerage firm. With the addition of The Coverage Pro and General Southwest Insurance Agency, Gallagher is well-positioned to serve the insurance needs of clients in Arizona and beyond.