Arthur J. Gallagher & Co. Acquires B&W Insurance Agency to Expand Small‑Business Brokerage in Pennsylvania

AJG
February 17, 2026

Arthur J. Gallagher & Co. (AJG) announced the acquisition of Washington, Pennsylvania‑based B&W Insurance Agency, a regional broker that serves personal lines and commercial brokerage for small‑business clients in southwest Pennsylvania. The deal adds a well‑established local presence to AJG’s portfolio of small‑business brokerage services.

B&W’s existing team will remain in place, with Paul Barzd III, Jim Cote, and other associates continuing under the direction of Jen Tadin, head of Gallagher Select’s U.S. property/casualty operations for small businesses. The transition is designed to preserve B&W’s client relationships and local expertise while integrating the agency into AJG’s broader network of correspondent brokers and consultants.

The acquisition is part of AJG’s long‑term M&A strategy to acquire regional brokers that can accelerate growth and margin expansion. The company has recently completed a $13.5 billion purchase of AssuredPartners and has added several other regional agencies, including 3D Advisors Inc. and Tompkins Insurance Agencies, Inc. The B&W deal reinforces AJG’s focus on the small‑business segment, which has been a key driver of the firm’s double‑digit growth in adjusted EBITDAC over the past 23 quarters.

While the financial terms of the B&W transaction were not disclosed, the acquisition is expected to enhance AJG’s revenue mix in the region and provide cross‑selling opportunities for its existing product lines. The addition of B&W’s client base is anticipated to strengthen AJG’s presence in the southwest Pennsylvania market, a region that has shown steady demand for personal and commercial insurance products.

The move follows AJG’s recent Q4 2025 earnings, in which the company reported revenue of $3.63 billion and EPS of $2.38, both exceeding analyst expectations. Management highlighted the role of strategic acquisitions and organic growth in driving the results, and the B&W acquisition is positioned to contribute to the firm’s continued expansion in the small‑business space.

The acquisition signals AJG’s continued commitment to building a diversified small‑business brokerage network, which may improve its competitive positioning against larger national brokers and enhance its ability to capture market share in a region with growing demand for tailored insurance solutions.

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