Arthur J. Gallagher & Co. Acquires Jersey-based Brokerage
- July 10, 2018
Arthur J. Gallagher & Co. Acquires WCD Group, LLC
ROLLING MEADOWS, IL -- Arthur J. Gallagher & Co. announced that its subsidiary, Gallagher Bassett Services, Inc., has acquired Pennington, New Jersey-based WCD Group, LLC. Terms of the transaction were not disclosed.
Founded in 2002, WCD manages and mitigates risk in the environmental, construction and real estate marketplace. Its customers are owners, lenders, developers, contractors and insurance carriers. William "Chip" D'Angelo and his associates will continue to operate from their Pennington; New York City; Poughkeepsie, N.Y; and High Point, N.C. offices under the direction of Scott R. Hudson, President and CEO of Gallagher Bassett Services, Inc.
"Environmental risks represent a large and growing concern for businesses, public entities and insurers, and WCD will significantly expand our ability to assist customers in controlling these exposures," said J. Patrick Gallagher, Jr., Chairman, President & CEO of Arthur J. Gallagher & Co. "I am pleased to welcome Chip and his associates to our growing Gallagher family of professionals."