Gallagher has announced that it has acquired the remaining shares of Switzerland-based Hesse and Partner AG and Hesse Consulting GmbH from founder Guido Hesse.
Gallagher entered a partnership with Hesse and Partner three years ago when it acquired a majority interest of the business. Terms of the transaction were not disclosed.
Founded in 1997, Hesse and Partner develops risk management and insurance solutions for companies of all sizes in the industrial and service provider sectors, with particular expertise in the “growing waste-to-energy sector”.
In addition, founder Guido Hesse will become chairman and Stephan Bachmann, previously head of international clients and property insurance, will lead the operations going forward.
Patrick Gallagher, Jr., chairman, president and CEO, said: “Bringing this business fully into Gallagher is another important step as we expand our footprint in Europe.
“The team shares our vision, client focus and entrepreneurial spirit, so this is great news for both our clients and employees.”