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Gallagher buys New York benefits agency

by Graham Simons
03 February 2025
Gallagher to buy Buck in $585m deal
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Arthur J. Gallagher & Co has acquired Syracuse, New York-based Falcone Associates and Dominick Falcone Agency for an undisclosed sum.

While Dominick Falcone Agency provides property/casualty insurance products to commercial and personal lines clients primarily in central New York, its affiliate Falcone Associates offers employee benefits services including life and health cover.

Michael Lavalle, David MacLachlan, Renee Guariglia, Chris Marshall and their team will remain in their current location under the direction of Brendan Gallagher, head of Gallagher’s Northeast region retail property/casualty brokerage operations, and Scott Sherman, head of Gallagher’s Northeast region employee benefits consulting and brokerage operations.

Patrick Gallagher, Jr, chairman and CEO at Arthur J. Gallagher & Co, said: “Dominick Falcone Agency and Falcone Associates have a strong market reputation and will further enhance our retail brokerage capabilities in central New York.

“I am delighted to welcome Michael, David, Renee, Chris and their associates to Gallagher.”

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