ITASCA, Ill., Jan. 19, 2017 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Adco General Corporation (Adco), headquartered in Denver, Colorado. Terms of the transaction were not disclosed.
Established in 1969, Adco is a wholesale broker and managing general agency offering a broad range of commercial property, liability, professional and transportation coverages to its retail broker clients throughout the United States.
Richard, Alexander and Mark Thomas will continue to operate from their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc. (RPS), a subsidiary of Arthur J. Gallagher & Co.
"The experience, products and culture that Dick and his sons have built match up very well with RPS and they further expand the geographical footprint of our growing wholesale business," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are very pleased to welcome Dick, Alex, Mark and their colleagues to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.