Arthur J. Gallagher & Co. Signs Agreement to Acquire The Evans Agency, LLC

ROLLING MEADOWS, Ill., Nov. 7, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced it has signed a definitive agreement to acquire Williamsville, New York-based The Evans Agency, LLC, a wholly-owned subsidiary of Evans Bancorp, Inc. (NYSE:EVBN). The transaction is expected to close during the fourth quarter of 2023.

The Evans Agency is a commercial property/casualty insurance broker with public entity and scholastic expertise, serving clients throughout Western New York. The agency also offers personal lines and employee benefits services. Aaron Whitehouse and his team will operate under the direction of Patrick Kennedy, head of Gallagher's Northeast region retail property/casualty brokerage operations.

"The Evans Agency's expertise and culture are an excellent fit for our Western New York office and will enhance our capabilities in the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I look forward to welcoming Aaron and his associates to Gallagher."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations         Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com                        630-285-5946/ paul_day1@ajg.com

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SOURCE Arthur J. Gallagher & Co.