Global insurance brokerage, Arthur J. Gallagher, has confirmed the acquisition of Milne Alexander, effective from Friday 6th July, 2018.
Milne Alexander was formerly a non-equity partner in the Steadfast Network of businesses, operating out of Sydney and Port Lincoln (SA) offices. Founded in 1973, the company manages a diverse portfolio of SME, mid-market and corporate clients with specialist capability in transport, manufacturing, aquaculture (fish farms) and a tailored offering for Australian ski resorts.
Currently led by Darren Milne, son of the original founder John Milne, joining forces with Gallagher brings the benefit of international scale and presence and access to a team of more than 26,000 insurance industry professionals globally.
Paul Harvey, Managing Director – Specialisms, explains further, “Milne Alexander have built a strong reputation in the market for high quality service delivery backed by a specialist team who have achieved significant growth for the business over the past decade. There was a natural alignment with Gallagher from the outset and Milne Alexander were impressed by what we were able to offer and how that presented a logical next step for the team and their clients.
This is a unique opportunity for Gallagher to secure one of the last independent ‘heritage’ Sydney insurance brokers. Bringing new acquisition partners on board is more than about simply merging two teams. We work hard to create an inclusive environment that enables the team to thrive and collaborate in ways that helps them to deliver fresh thinking and create real value for clients.”
Darren Milne, former CEO at Milne Alexander, concludes, “The Milne Alexander team is thrilled to be joining Gallagher and assisting the business in their growth strategy. Importantly, the agreement will further strengthen our client offering and I am excited about what the future holds for us and our clients.”