Arthur J. Gallagher & Co. has added California-based S Philips Surety & Insurance Services, Inc. to its Risk Placement Services division, extending the brokerage’s surety bond capabilities on the West Coast.
The transaction was completed through Risk Placement Services, Inc. (RPS), Gallagher’s US wholesale brokerage, binding authority and programs division.
S Philips provides surety bonds to agents and brokers across the West Coast and operates from Agoura Hills, California. The company’s team will remain at its current location following the acquisition and will report to Jeremy Crawford, head of RPS’s surety bond operations.
“S Philips deepens our surety market expertise and expands RPS's product offerings in the region,” said J. Patrick Gallagher, Jr., chairman and CEO of Arthur J. Gallagher & Co. “I am delighted to welcome the S Philips associates to our growing team.”
The deal adds to a series of acquisitions announced by the Rolling Meadows, Illinois-based brokerage in early 2026.
In February, Gallagher disclosed several transactions across different business lines. These included the acquisition of Bremen, Germany-based Krose GmbH & Co KG, a commercial insurance and reinsurance broker serving corporate clients in Germany. The company also purchased Washington, Pennsylvania-based B&W Insurance Agency, which provides personal lines and commercial brokerage services in southwest Pennsylvania.
Other recent deals include the acquisition of 3D Advisors Inc., a brokerage general agency specializing in life insurance, annuity and long-term care solutions for financial advisors, and the purchase of Hunt Financial Group, which provides benefits consulting services to banking industry clients in the United States.
Gallagher’s claims and risk management subsidiary, Gallagher Bassett, also acquired Reck & Co GmbH, a German firm providing marine and transport claims services.
The activity follows an active year for the company’s merger and acquisition program. Gallagher reported completing 33 mergers in 2025, representing more than $3.5 billion in estimated annualized revenue, according to the company’s 2025 financial results release.
The company said its growth strategy relies on both organic expansion and acquisitions, with M&A contributing to revenue growth across its brokerage and risk management operations.
In 2025, Gallagher also completed the acquisition of AssuredPartners for approximately $13.8 billion, the largest transaction in its history.
