Gallagher’s RPS Acquires Litchfield Special Risks, Expanding Transportation Focus in Southwest
Arthur J. Gallagher & Co. announced a strategic move to bolster its presence in the Southwest, with its U.S. wholesale division, Risk Placement Services, Inc. (RPS), acquiring Litchfield Special Risks, Inc. (LSR). The deal, announced on March 25, 2025, expands RPS’s capabilities in the transportation and property and casualty (P&C) insurance markets.
Financial terms of the acquisition were not disclosed. LSR, based in El Paso, Texas, is a wholesale insurance broker and managing general agency. The firm specializes in providing insurance solutions for transportation and P&C risks, working with retail agents throughout Texas and the broader Southwest region.
Bill Brenton and his team will continue to operate from LSR’s current location, now reporting to Ash Thomas, vice president for RPS’s Western Region. In a statement, J. Patrick Gallagher Jr., chairman and CEO of Gallagher, highlighted the acquisition’s strategic value, noting LSR’s established presence and subject matter expertise as a key complement to RPS’s regional strategy.
Gallagher’s expansion in Texas extends beyond this latest deal. The company has significantly increased its footprint in the state through various acquisitions and partnerships. Gallagher maintains a strong presence in major Texas cities, including Houston, Dallas, Austin, and San Antonio.
In December, Gallagher acquired Howe Insurance Group LLC, operating as DMc Insurance Partners, an Austin-based agency focused on personal lines. This acquisition strengthened Gallagher’s ability to serve individuals and small business owners in the Austin market.
In 2023, the brokerage also acquired CBS Insurance, LLP, and Boley-Featherston Insurance, with headquarters in Abilene and Wichita Falls, respectively.
Besides these strategic moves, Gallagher also reported positive financial results. In the fourth quarter of 2024, the company reported a profit of $258.2 million, or $1.12 per share. This performance marked a significant improvement from a loss of $39.6 million, or 15 cents per share, in the same quarter of the previous year. Total revenue for the quarter rose nearly 12% to $2.72 billion, with commissions increasing by 13%.
