Arthur J. Gallagher & Co. Acquires AquaSurance, LLC
ROLLING MEADOWS, IL — Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of AquaSurance, LLC in Houston, Texas. Terms of the transaction were not disclosed.
Founded in 2002 by Harry Peyton and Marshall Schoth, AquaSurance is a property/casualty broker focused exclusively on serving Texas water utilities. Harry Peyton and his associates will relocate to Gallagher’s Houston Galleria office under the direction of Bret VanderVoort, head of Gallagher’s South Central retail property/casualty brokerage operations.
“As leaders in addressing the specific needs of water utilities, AquaSurance will be a terrific fit within our public entity practice and will expand our existing Texas water utility business,” said J. Patrick Gallagher, Jr. Chairman, President and CEO. “I’m very pleased to welcome Harry and his associates to our growing Gallagher family of professionals.”