Arthur J. Gallagher & Co. Acquires Peabody Insurance Agency, Inc.

November 5, 2024

Arthur J. Gallagher & Co. has acquired Fenton, Michigan-based Peabody Insurance Agency, Inc.; terms were not disclosed. The acquisition expands Gallagher's retail brokerage capabilities and presence in southeast Michigan, with Jim Peabody, Grace Peabody-Ljoljic and the Peabody team remaining in their current location under Gallagher's Great Lakes region retail P/C operations.

Buyers
Arthur J. Gallagher & Co.
Targets
Peabody Insurance Agency, Inc.
Sellers
Jim Peabody, Grace Peabody-Ljoljic, Peabody family/team
Industry
Insurance
Location
Michigan, United States
Transaction Type
Buyout

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