The insurance brokerage industry saw another major expansion move this week as Arthur J. Gallagher & Co. announced the acquisition of Twin Elms, LLC, a Florida-based firm specializing in environmental insurance services. The deal strengthens Gallagher’s presence in the specialty insurance market and adds more expertise to its growing portfolio of risk management services.
The acquisition was officially announced. Financial terms of the transaction were not disclosed.
Gallagher Adds Environmental Insurance Expertise
Twin Elms, LLC is based in West Palm Beach, Florida, and provides environmental insurance products and services to clients across the United States. The company is known for handling specialized environmental risk coverage for businesses and organizations.
As part of the acquisition, Twin Elms leaders Scott Houldin and Karl Touet will continue operating from their current location along with their existing team. The business will work under the leadership of Bumpy Triche, who oversees Gallagher’s Southeast retail property and casualty brokerage operations.
J. Patrick Gallagher Jr., Chairman and CEO of Arthur J. Gallagher & Co., said the acquisition would strengthen the company’s environmental brokerage capabilities while supporting continued client service in the specialty insurance sector.
Continued Expansion Strategy
Arthur J. Gallagher & Co. has continued to expand through acquisitions across different insurance and consulting markets. The company regularly acquires firms with specialized expertise to broaden its services and strengthen regional operations.
The addition of Twin Elms further expands Gallagher’s environmental insurance capabilities in the United States. Environmental insurance has become an important area for businesses managing potential environmental liabilities and regulatory risks.
About Arthur J. Gallagher & Co.
Founded in 1927, Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois. The company is one of the world’s largest insurance brokerage, risk management, and consulting firms. Gallagher operates in approximately 130 countries through its owned operations and network partners.
The acquisition of Twin Elms reflects Gallagher’s ongoing focus on growing its specialty insurance services while expanding its market reach in key business sectors.
