Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Arthur J. Gallagher Buys R. W. Scobie

RELATED NEWS
Trade AJG now with 

Arthur J. Gallagher & Co. (AJG: Quote) said Friday that it has acquired R. W. Scobie, Inc. headquartered in Eau Claire, Wisconsin.

Terms of the deal were not disclosed.

Founded in 1932, R. W. Scobie, Inc. is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients throughout United States.

Peter Scobie, Robert Giles and their associates will continue to operate from their locations in Eau Claire; Minneapolis, Minnesota; New Albany, Indiana; West Des Moines, Iowa; Omaha, Nebraska; and Waukesha, Wisconsin under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.

Click here to receive FREE breaking news email alerts for Arthur J Gallagher & Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.