ROLLING MEADOWS, Ill., Oct. 15, 2018 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Flowood, Mississippi-based Wellington Associates, Inc. Terms of the transaction were not disclosed.
Wellington Associates is a full service agency providing property/casualty and employee benefits coverages and services to businesses and individuals throughout the state of Mississippi, with expertise in serving a wide range of entities, including schools, churches and towing companies.
Walter "Buster" Wellington, William "Billy" Horne and their associates will continue to operate from their current location under the direction of Bumpy Triche, head of Gallagher's Mid-South region retail property/casualty brokerage operations, and Robby White, head of Gallagher's South Central region employee benefits consulting and brokerage operations.
"We have been building a tremendous business in Mississippi and our capabilities are becoming well-recognized. Adding Wellington bolsters our already strong business and brings into our fold a competitor who we, quite frankly, have a lot of respect for," said J. Patrick Gallagher, Jr., Chairman, President and CEO.
"I've known Buster and Billy for a long time. Wellington Associates will bring complementary strengths in several practice areas, including schools and religious entities. This is really a win-win for both sides and we look forward to serving our clients as one Gallagher team," Bumpy Triche added.
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company 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.
SOURCE Arthur J. Gallagher & Co.