Gallagher acquires McKee Risk Management

Arthur J. Gallagher & Co. has acquired McKee Risk Management, Inc., a program administrator based in King of Prussia, Pennsylvania. The acquisition, completed through Gallagher's Risk Placement Services, Inc. (RPS) division, augments the firm's program offerings and underwriting capabilities. The financial terms of the transaction have not been disclosed.

McKee Risk Management specializes in underwriting, policy administration, claims coordination, and risk management services across three key areas: construction, public entity, and property. As part of the acquisition agreement, Clyde McKee III, Clyde McKee IV, and their team will continue their operations under RPS's program administration division. This move is expected to enhance RPS's program offerings by integrating McKee's established platform and specialized expertise.

J. Patrick Gallagher, Jr., chairman and CEO of Arthur J. Gallagher & Co., expressed enthusiasm about the integration, stating that McKee's established platform and underwriting strengths will complement RPS's existing program offerings. This acquisition aligns with Gallagher's strategy to bolster its capabilities and service breadth in the insurance sector.

The acquisition of McKee Risk Management is part of Gallagher's broader expansion initiatives in the competitive insurance industry, evident in their recent acquisitions, including the $1.2 billion purchase of Woodruff Sawyer. The integration of McKee further solidifies Gallagher’s presence in the specialized program sector, highlighting the firm's commitment to expanding through strategic acquisitions.

Looking ahead, the focus will be on seamless integration of McKee Risk Management within RPS and ensuring that the expanded program offerings result in enhanced service capabilities for clients. As growth in the insurance sector continues, Gallagher's acquisition strategy will likely remain key to maintaining competitive advantage and supporting global operations across approximately 130 countries.