Business

Gallagher acquires Parisco

Following the acquisition, Parisco CEO, Dag Magne Torjussen and his team of 10 will join forces with Oslo-based Bergvall Marine, Gallagher’s existing specialist marine broker in Norway

Gallagher has announced that it has acquired Oslo-based marine and energy broker Parisco for an undisclosed sum.

Following the acquisition, Parisco CEO, Dag Magne Torjussen and his team of 10 will join forces with Oslo-based Bergvall Marine, Gallagher’s existing specialist marine broker in Norway, under the direction of managing director Anders Mjaaland.

Commenting on the deal, Vyvienne Wade, chairperson, EMEA, Gallagher, said: “We have ambitious international expansion plans, in particular for businesses that complement our existing areas of expertise and that are culturally aligned to Gallagher and our focus on client service and ethics.

Parisco is a respected specialist marine and energy broker, and is an excellent fit with both Bergvall and Gallagher. Its portfolio of specialisms are highly complementary to Bergvall’s existing business lines, and provides us with additional scale in the Nordic region.”

Torjussen added: “Partnering with Bergvall and becoming part of a global broker will enable us to take the business to its next stage of evolution, and will add broader capabilities, deeper industry expertise, and even greater access to international markets.

“As a co-founder of Parisco when it was formed 20 years ago, I wanted to make sure we became part of a business with a culturally like-minded team of colleagues who share our values and our commitment to putting our clients first.”

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