Arthur J. Gallagher’s Europe Expansion Play: What The Reck & Co. Acquisition Brings To The Table!

Arthur J. Gallagher & Co. is back in the M&A spotlight following the announcement that its risk management subsidiary, Gallagher Bassett, has acquired Bremen-based Reck & Co., a specialist in global transport and marine claims. While financial terms of the transaction remain undisclosed, this deal marks yet another step in AJG’s aggressive international expansion strategy. The acquired team, led by Franz Kasten and Marc Friedrich, will remain in their current location under the direction of Manan Sagar, Gallagher Bassett’s EMEA chief, ensuring operational continuity. This comes on the heels of a strong Q4 FY2025 earnings performance, with organic growth of 9.6% in brokerage and 12.5% in risk management services, driven by strong new business, renewals, and expansion into specialized verticals. As AJG scales its international claims footprint, the acquisition of Reck & Co.