ROLLING MEADOWS, Ill., Dec. 7, 2017 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Glenview, Illinois-based SouthCap Brokerage Group, LLC. Terms of the transaction were not disclosed.
Founded in 2010, SouthCap Brokerage Group, LLC is a life insurance general agency that assists wealth managers, financial advisors and insurance professionals with their clients' advanced life insurance and estate planning needs. Services include expert policy portfolio analysis and construction, underwriting advocacy and advanced case design. Luke Kaplan, James Kavanaugh (Kav) Tucker and their associates will relocate to Gallagher offices in Rolling Meadows, Illinois and Atlanta, Georgia under the direction of John Neumaier, head of Gallagher's Great Lakes employee benefits consulting and brokerage operations.
"Gallagher has been focused on expanding our executive and wholesale life capabilities, and our team already has a strong working relationship with the principals of SouthCap," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I'm thrilled to welcome Luke, Kav and their associates to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Illinois, has operations in 34 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.