ITASCA, Ill., Jan. 31, 2017 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of The Presidio Group, Inc. (Presidio) in Salt Lake City, Utah. Terms of the transaction were not disclosed.
Founded by John Schlichte in 1993, Presidio is a retail insurance broker offering a tailored combination of risk management, employee benefit consulting, group captives, loss control, safety programs and risk financing services to clients primarily across the Western United States, with a focus on the construction, manufacturing, transportation, service and energy industries.
John and his associates will continue to operate from their current location under the direction of James G. McFarlane, head of Gallagher's Western retail property/casualty brokerage operations, and Norbert Chung, head of Gallagher's Western employee benefits consulting and brokerage operations.
"The Presidio Group is recognized for their consultative approach and strategic focus on reducing their clients' total cost of risk. This approach aligns closely with Gallagher's own objectives," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are delighted to welcome John and his associates 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.
SOURCE Arthur J. Gallagher & Co.