Arthur J. Gallagher & Co. Acquires Tri-State General
ITASCA, Ill., June 11, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Tri-State General of Salisbury, Maryland. Terms of the transaction were not disclosed.
Established in 1979, Tri-State General is a specialty wholesale and managing general agency (MGA) operation that places transportation, garage, professional liability, special events, and property and casualty insurance for its retail insurance broker clients throughout Maryland, Pennsylvania, Delaware, New Jersey, Virginia, Ohio and Washington, D.C. Edward Dickerson and his team will continue to operate from their Salisbury location under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
"We are pleased to welcome Ed Dickerson and his talented staff from Tri-State to our growing U.S. wholesale operations," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Ed and his team bring RPS additional geographic expansion in underwriting and broking, and we look forward to their contributions."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 27 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
Contact: Marsha J. Akin – Investor Relations
SOURCE Arthur J. Gallagher & Co.