Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd.
AG is an independent London market re/insurance broker specializing in multiple lines of business, said Miller, noting that the transaction will strengthen its position as a London wholesale and specialist broking platform.
Financial details of the transaction were not disclosed.
“AG and Miller are aligned in numerous ways, including our client-focused approach, values, high level of expertise and strategic vision,” said Greg Collins, CEO of Miller. “We are extremely excited to announce this development and look forward to delivering increased value to our clients through the alliance of our experienced teams.”
“We have been looking for a partner that shares the same culture and the right platform from which we could continue to offer a high quality service to our clients,” commented Robert Alexander, managing director of AG. “We were thrilled to find such an opportunity with Miller and look forward to joining Miller’s highly talented team and continuing to grow together.”
This acquisition demonstrates Miller’s ongoing commitment to providing the highest level of client service, broadening the firm’s skill set and continuing its strong growth.
The transaction is subject to regulatory approval. Financial terms were not disclosed.