ITASCA, Ill., March 10, 2016 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Vincent L. Braband Insurance, Inc. in Arlington Heights, Illinois. Terms of the transaction were not disclosed.
Established in 1930, Vincent L. Braband Insurance, Inc. (Braband) is a retail insurance broker providing commercial property/casualty, risk management consulting, employee benefits and personal lines insurance services to middle-market clients throughout the Midwest. They specialize in providing insurance coverage for law firms and the transportation industry. Vincent "Skip" Braband and his associates will continue to operate under the direction of Michael Pesch, head of Gallagher's Midwest region retail property/casualty brokerage operation.
"Braband's team is well known for their industry experience and solid market relationships," said J. Patrick Gallagher, Jr. Chairman, President and CEO. "Their depth of expertise and outstanding client service will be a wonderful complement to our Midwest Region. We look forward to working with Skip and his colleagues, and we welcome them 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 31 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.