Arthur J. Gallagher Acquires Wilkins & Associates Nevada

Arthur J. Gallagher & Co. has acquired Wilkins & Associates Insurance Services, a retail insurance broker based in Reno, Nevada, enhancing Gallagher's presence and retail brokerage capabilities in the region. Wilkins & Associates, founded by Tom and Melanie Wilkins, serves commercial and personal lines clients in Reno and western Nevada. The existing leadership team of Wilkins & Associates, including Steve and Jared Wilkins, will continue operating under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations. This strategic acquisition aligns with Gallagher's client-focused values and growth plans, reinforcing its foothold in Nevada's insurance market. Financial details of the transaction were not disclosed, although analysts maintain an 'Outperform' rating on Arthur J. Gallagher's stock. The move reflects broader market dynamics of consolidation and expansion within the insurance brokerage industry.