ITASCA, Ill., Aug. 2, 2016 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Victory Insurance Agency, Inc. based in Pearland, Texas. Terms of the transaction were not disclosed.
Founded in 1983, Victory Insurance Agency (Victory) is a retail insurance broker providing commercial property/casualty, employee benefits, risk management consulting and personal lines insurance services to clients throughout the south central United States. They specialize in coverages for public entities and school districts as well as the real estate, manufacturing, distribution, energy, marine, technology, transportation and construction industries. Roger Montemayor and his associates will continue to operate from their Pearland and Lake Jackson, Texas locations under the direction of Bret VanderVoort, head of Gallagher's South Central retail property/casualty brokerage operations, and John Neumaier, head of Gallagher's South Central employee benefits consulting and brokerage operations.
"Victory has a great reputation for its level of expertise, outstanding client service and middle-market client focus," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their Houston-area presence and strong carrier relationships will help expand our Texas footprint. Victory will be a terrific addition to our South Central region, and we are extremely pleased to welcome Roger and his team 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.