Arthur J. Gallagher & Co. Acquires Virginia-based Employee Benefits Brokerage
- March 25, 2019
Arthur J. Gallagher & Co. Acquires McLean Insurance Agency, Inc.
ROLLING MEADOWS, IL -- Arthur J. Gallagher & Co. announced the acquisition of Potomac Falls, Virginia-based McLean Insurance Agency, Inc. Terms of the transaction were not disclosed.
Established in 1971, McLean Insurance Agency offers retail property/casualty, life and employee benefit brokerage and consulting services to businesses and individuals throughout the Eastern United States. Douglas B. Megill and his associates will continue to operate from their current location under the direction of Dan Tropp, head of Gallagher's Mid-Atlantic retail property/casualty brokerage operations, and John Tournet, head of Gallagher's Southeast employee benefits consulting and brokerage operations.
"McLean Insurance Agency is a full-service broker and consultant that solidifies Gallagher's presence in Northern Virginia and expands our high-net-worth personal lines offerings across the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Doug and his associates to Gallagher."
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.