Arthur J. Gallagher & Co. buys insurance broker KDC Associates

22 April 2016

Arthur J. Gallagher & Co. has picked up Las Vegas based wholesale insurance broker KDC Associates for an undisclosed sum. The deal sees KDC's President, Kevin Lay, continue to operate the business from its premises, now under the direction of Joel Cavaness, President of Gallagher's subsidiary Risk Placement Services.

KDC Associates was founded in 2008 in Las Vegas, Nevada. The company provides independent retail insurance brokers with excess and surplus, property/casualty and other specialty insurance products and services. The firm is specialised in servicing, among others, the commercial construction, hotels, wholesale, manufacturing and property owner industries.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm with over 20,000 people, recently announced that it has acquired KDC Associates. Terms and conditions of the transaction have not been disclosed. The deal will see the President of KDC, Kevin Lay, continue to run the firm from its current location – now under direction from Joel Cavaness, President of Risk Placement Services, a subsidiary of Arthur J. Gallagher & Co.

"KDC is widely respected in the industry for its strong limited distribution retail network, depth of experience, and dedication to client service. Not only do they add to our wholesale geographic footprint, but their talented sales team brings with it years of specialty product knowledge which enables them to handle and match hard to place risks," says J. Patrick Gallagher, Junior, President and CEO. "Their market relationships and expertise will be a wonderful complement to our expanding wholesale network, and we are extremely pleased to welcome Kevin and his colleagues to our growing Risk Placement Services' family of professionals."

Arthur J. Gallagher & Co. has been actively picking up insurance brokers across the globe in recent months, including Reid Manson, in New Zealand; Sigma II, in the US; Joseph Distel & Co., in the US; and Centennial Insurance Agency, also in the US.


SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”