Business

Gallagher acquires new offices

Posted July 31, 2009 11:00 pm

ITASCA - Arthur J. Gallagher & Co. announced Friday that it has acquired the Portland, Maine, and Cranston, Rhode Island, operations from Gresham & Associates, Inc. headquartered in Atlanta, Ga. Terms of the transaction were not disclosed. The two New England offices are managing general agencies and wholesale insurance brokers providing insurance products for independent insurance agents and brokers throughout the Northeastern United States. "Part of our acquisition strategy is to extend our geographic footprint to those areas where we have new sales opportunities. This expansion into New England gives us the ability to increase our wholesale/MGA sales and services capabilities within the six-state region," J. Patrick Gallagher, Jr., Chairman, president and CEO, said in a statement. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca and has operations in 15 countries.

Article Comments

Article Categories
Business Communities Counties DuPage County Itasca

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.