Itasca's Arthur J. Gallagher acquires Potter-Holden

Itasca-based Arthur J. Gallagher & Co. said it has acquired Potter-Holden & Company in Atlanta, Georgia. Terms of the transaction were not disclosed.

Founded in 1918, Potter-Holden & Company is a retail insurance broker providing commercial property/casualty and risk management insurance services to their health care industry clients throughout the United States. They specialize in healthcare liability insurance for hospitals, community health centers and physicians groups. Charley Malmquist and his associates will continue to operate from Atlanta under the direction of Mitchel Brashier, southeastern regional manager of Gallagher's retail property/casualty brokerage operation.

“Our acquisition strategy is about finding cultural partners that either help expand our geographic footprint or add to our specialized practice groups, and Potter-Holden has all these characteristics,” said J. Patrick Gallagher, Jr., chairman, president and CEO. “Their Atlanta presence and their emphasis on the healthcare industry will be a wonderful complement to our retail property/casualty brokerage operations. We are extremely pleased to welcome Charley and his team to our growing Gallagher family of professionals.”

Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm headquartered in Itasca. It has operations in 16 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.