Arthur J. Gallagher & Co. Acquires Associated Insurance Services, Inc.
ROLLING MEADOWS, IL — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Westlake Village, California-based Associated Insurance Services, Inc. Terms of the transaction were not disclosed.
Founded in 1962, Associated Insurance Services is an independent commercial and personal lines property/casualty insurance agency with a focus on construction industry, retail, hospitality and manufacturing clients. Michael C. Creswell, Tim McClain, Megan B. Gaines and their associates will continue to operate from their current location under the direction of Scott Firestone, head of Gallagher’s Southwest Region retail property/casualty brokerage operations.
“Associated Insurance Services strengthens our brokerage operations geographically and enhances our ability to serve the whole spectrum of contractors,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am very happy to welcome Michael, Tim, Megan and their associates to our growing Gallagher family of professionals.”