Arthur J. Gallagher acquires Instrat Insurance Brokers
Published 02 December 2014
2 December 2014, Sydney – Following yesterday’s announcement of the expansion of the Gallagher brand across Australia, the organisation has today announced the acquisition of Instrat Insurance Brokers Pty Ltd (Instrat), located in Clayton, Victoria.
Established in 1994 by principals Peter Johnston and Jim Santamaria, Instrat services a broad range of clients in the trades, industrial, commercial and domestic areas. They also specialise in developing tailored programs designed specifically for groups of clients such as tradespeople, franchisees, licensees, associations, medical professionals, martial artists and sporting clubs.
“Instrat is a sales and marketing led business which is well-aligned to our culture,” said Steve Lockwood, Managing Director of Gallagher in Australia and New Zealand. “Their strength in developing schemes and programs to service clients efficiently is outstanding. The IMAR scheme, focused on tradespeople through a primarily telephone-based operation, is a great example of this. We are pleased to welcome Peter, Jim and their team of 49 to our growing Gallagher family of professionals in Australia.”
Instrat will be integrated into the Gallagher Australian operations in due course, and the business will retain its premises in the south-east of Melbourne.
“When we decided to sell our business, it’s fair to say we had a good choice of interested buyers and we did our homework on all of them. The appeal of being part of a global broking organisation with the values and culture of Gallagher was compelling, and in the end, the choice was clear cut for us,” said Instrat principals Peter Johnston and Jim Santamaria. “We’re really excited about the future for our people, our clients and our business as part of the Gallagher group working with Andrew and his team.”
“Acquiring well-run businesses with a good cultural and strategic fit is a key priority for us and we remain very active in this area,” said Mr. Lockwood.