Gallagher announced the acquisition of Another Day. Terms of the transaction were not disclosed.
Founded in 2016, Another Day is a UK-based risk management consultancy, helping organizations across 90 countries pre-empt and prepare for complex threats, react to crises and investigate criminality through the use of intelligence and technology.
The firm has worked with Gallagher since its inception providing clients with specialist risk management and crisis response services. The firm is headed up by Jake Hernandez who will continue to run the business.
I am delighted to welcome the AnotherDay team to Gallagher. This business is a great fit with our UK-based specialty operations and will provide highly complementary additional expertise for our large corporate clients looking for support in this growing area of risk. I look forward to continuing to work with Jake and his associates, and delivering the growth opportunities this acquisition will bringJ. Patrick Gallagher, Jr., Chairman, President and CEO
The firm employs around 20 risk, investigations and crisis response specialists and has also supported clients across 90 countries globally.
AnotherDay is headed by Jake Hernandez who will continue to run the business, and the existing team will continue to operate independently under the AnotherDay brand.
Through the acquisition, the team will become part of Gallagher’s London-based Speciality operations and Hernandez will report to Justin Priestley, executive director of crisis management.
AnotherDay will provide highly complementary additional risk management and crisis expertise for Gallagher’s growing corporate client base.
Arthur J. Gallagher & Co, 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.
Jonathan Turner, CEO of Gallagher’s Speciality Division, commented: “The expertise, high standards of client service, vision for growth and entrepreneurial flair within AnotherDay made this transaction a compelling opportunity for us. The business fits very well with our strategy of investing in market-leading niche businesses that build on and broaden our specialist capabilities, and the team provides a strong complement to our existing London-based Specialty operations, as many clients are increasingly looking for this type of risk management support. I look forward to working with Jake and the team.”
We have worked with the team at Gallagher for a number of years now, so we know that culturally our two organisations are well aligned. We are excited to work even more closely to deploy consulting, data and technology to help global clients understand potential threats, respond to crisis and criminality, and to provide analytics to transfer any remaining risk into the insurance market based on an accurate perception of potential loss
“We’re also looking forward to broadening our advisory to (re)insurance markets in dealing with an increasingly volatile risk environment, and Gallagher provides a great platform and infrastructure for us to do that.”
by Peter Sonner