Arthur J. Gallagher acquires Blue Holdings Pty Limited
Published 04 December 2014
5 December 2014, Sydney – Gallagher has today announced the acquisition of Blue Holdings Group (Blue) incorporating the Blue Broking and Blue insolvency businesses.
Blue is based in Brisbane, Queensland. This announcement comes on the back of the rebranding of OAMPS and the acquisition of Instrat Insurance Brokers, both announced earlier this week.
Blue was established in 2005 and offers general insurance broking services to a diverse range of clients across industries including construction, transport, engineering, mining and professional services markets, with a specific focus on the Queensland mid-market sector.
In addition to its general insurance capability, Blue features a market-leading insolvency operation (Blue Insolvency) that originated in Victoria in 2009 which focuses on the specific insurance needs of businesses undergoing insolvency.
Blue operates nationally out of offices in Brisbane, Perth, Sydney, Townsville and Melbourne.
“Blue will complement and expand our national broking footprint in Australia whilst bringing a new and valuable specialisation with its insolvency practice,” said Steve Lockwood, Managing Director of Gallagher Australia and New Zealand. “Their strength in the Queensland market will be a great fit to our existing commercial and corporate businesses there, and their national capability in insolvency insurance for clients ranging from small business through to national enterprises will be a new niche area for us. We are pleased to welcome the Blue team of 45 to our growing Gallagher family of professionals in Australia.”
Blue will be integrated into the Gallagher Australian operations in due course, and the business will retain its premises across Australia.
“We are thrilled to be joining Gallagher at such an exciting time for both businesses in Australia. We have a lot to add through our knowledge of specific markets but also a lot to benefit from in terms of the global clout of the Gallagher group,” said Richard Smith, CEO Blue Broking. “We’re really looking forward to the future for our people, our clients and our business as part of the Gallagher group.”
“It’s been a big year of change for our Australian operations and I’m confident we’re well set up to be even more competitive and grow further as a bigger and stronger Gallagher organisation looking forward to 2015,” said Mr. Lockwood.