Arthur J. Gallagher & Co. Acquires Texas Insurance Managers, Inc.
Rolling Meadows, III — Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Harlingen, Texas-based Texas Insurance Managers, Inc. Terms of the transaction were not disclosed.
With roots tracing back to 1903, Texas Insurance Managers offers commercial and personal property/casualty, life/health, retirement and employee benefit services to clients primarily in South Texas. Richard May, Josh Klostermann, Ryan Newman and their associates will continue to operate from their current location under the direction of Bret VanderVoort, head of Gallagher’s South Central retail property/casualty brokerage operations.
“With its broad capabilities and deep roots in South Texas, Texas Insurance Managers provides us with an outstanding platform upon which to further expand our presence in that region,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am delighted to welcome Rick, Josh, Ryan and their associates to our growing Gallagher family of professionals.”