Gallagher expands Colorado brokerage footprint with Innovise acquisition

Arthur J. Gallagher & Co. announced on 15 September that it had acquired McMillan Insurance & Bonding Inc., which operates as Innovise Business Consultants in Englewood, Colorado. The purchase price was not disclosed.

Innovise provides surety bonds and commercial insurance brokerage services, with a focus on manufacturing, energy, construction and real estate. Gallagher said Innovise’s team would move into its Denver office and operate under Bret VanderVoort, who oversees retail property and casualty brokerage for the Western Zone.

The deal extends Gallagher’s acquisition-led expansion. The company said it closed 14 brokerage acquisitions in the first six months of 2026, although the financial significance of the Innovise transaction cannot be assessed because its purchase price and revenue were not provided.

Gallagher’s combined Brokerage and Risk Management revenue increased 24% in the second quarter, while organic growth was 6%. Adjusted earnings per share rose to $2.84 from $2.30 in the quarter ended 30 June.

Reported diluted earnings per share, however, fell to $1.25 from $1.40. Gallagher’s brokerage adjusted EBITDAC margin also declined to 33.3% from 36.1%, with the supplied account attributing the gap between adjusted and reported results partly to acquisition-related costs, including amortisation of acquired intangibles and integration expenses.