US broking giant Gallagher has made another acquisition in Australia, buying Newcastle-based McCluskey Insurance Brokers as the business continues to strengthen its market presence here.

A spokesman for Gallagher says the deal was completed yesterday. However financial details including total investment cost and annual gross premium written by the NSW brokerage will not be disclosed, the spokesman says.

Gallagher says the acquisition is in keeping with its ongoing strategy of expansion and is its fourth in the last five months.

“Fantastic to welcome McCluskey Insurance Brokers officially into the Gallagher family,” Gallagher Australia CEO Sarah Lyons said.

She says Steve McCluskey, who started the brokerage in 1999, and the whole team have built a well‐regarded business in the local market.

“And I’m excited to see our combined experience strengthen our position in the Central Coast and Lake Macquarie region,” Ms Lyons said.

McCluskey Insurance Brokers operates in Newcastle, Lake Macquarie and the Central Coast, serving a diverse range of clients, including earthmoving, manufacturing and commercial cleaning.

The brokerage has expertise in liability, professional indemnity, industrial special risk and pleasure craft.

Gallagher says all five members of the business will commence working from the Gallagher Newcastle branch.