Deals: Gallagher Wraps Up Parisco AS Purchase

Gallagher today announced that it has acquired Oslo-based marine and energy broker Parisco AS (“Parisco”).

Founded in 2001, Parisco is a marine and energy broker serving contractors, offshore service vessels, exploration and production companies, shipping, passenger vessels and renewable energy clients. CEO, Dag Magne Torjussen and his team of 10 will join forces with Oslo-based Bergvall Marine, Gallagher’s existing specialist marine broker in Norway, under the direction of Anders Mjaaland, Managing Director.

Commenting on the deal, Vyvienne Wade, Chairperson, Europe Middle East & Asia, said: We have ambitious international expansion plans, in particular for businesses that complement our existing areas of expertise and that are culturally aligned to Gallagher and our focus on client service and ethics.”

She continued: “Parisco is a respected specialist marine and energy broker, and is an excellent fit with both Bergvall and Gallagher. Its portfolio of specialisms are highly complementary to Bergvall’s existing business lines, and provides us with additional scale in the Nordic region. The team’s expertise in renewables will be highly beneficial as existing clients diversify further into sustainable energy and we grow our client base across Northern Europe.”

Anders Mjaaland added: “The bringing together of Bergvall and Parisco will create a Norwegian broking team with unrivalled expertise in our specialist areas of marine and energy. I have known Parisco for a number of years and I have been impressed with the team’s focus on clients and its approach to doing business. As a combined operation we will have extra firepower to deliver on our ambitious future plans and I look forward to working with Dag Magne and the wider team as we bring the two businesses together.”

Dag Magne Torjussen added: “I am very pleased that Parisco is now part of Gallagher. Partnering with Bergvall and becoming part of a global broker will enable us to take the business to its next stage of evolution, and will add broader capabilities, deeper industry expertise, and even greater access to international markets. As a co-founder of Parisco when it was formed 20 years ago, I wanted to make sure we became part of a business with a culturally like-minded team of colleagues who share our values and our commitment to putting our clients first.”

About alastair walker 5639 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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