Itasca-based Arthur J. Gallagher & Co. announced the acquisition of Grace/Mayer Insurance Agency, Inc. in Omaha, Nebraska. Terms of the transaction were not disclosed.
Founded in 1917, Grace/Mayer Insurance Agency, Inc. is a retail insurance broker providing property/casualty, employee benefits and risk management insurance services for their U.S. and international commercial and personal lines clients. They specialize in placing coverage for the agribusiness, not-for-profit, real estate, food processing, transportation and construction industries. John Lehr and his team will continue to operate from their current Omaha location as Gallagher Grace/Mayer.
"Grace/Mayer Insurance is a wonderful example of our merger partner of choice. Not only do they add to our geographic footprint in the Midwest, but their team is well-known in the industry for their depth of expertise, strong market relationships and high-quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "This 95-year-old firm's strong Nebraska presence and specializations will be a terrific fit within our South Central Region. We are extremely pleased to welcome John and his associates to our growing Gallagher family of professionals."