Gallagher has announced the acquisition of Sydney-based brokerage Milne Alexander.

The brokerage has a team of more than 20 specialist insurance and risk advisers across two locations in Sydney and SA. It was a non-equity member of Steadfast and one of the founding Steadfast members.

Founded in 1973, it is currently led by Darren Milne, son of the founder, John Milne.

Gallagher says Milne Alexander has a diverse portfolio of SME, mid-market and corporate clients with specialist capability in transport, manufacturing, aquaculture and a tailored offering for Australian ski resorts.

MD Specialisms Paul Harvey says Milne Alexander’s team has built a strong reputation in the market.

“There was a natural alignment with Gallagher from the outset and Milne Alexander were impressed by what we were able to offer and how that presented a logical next step for the team and their clients.

“This is a unique opportunity for Gallagher to secure one of the last independent ‘heritage’ Sydney insurance brokers.”