Arthur J. Gallagher & Co. announced it has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed. Meadowbrook Insurance Agency is a retail insurance broker offering a comprehensive range of property/casualty and group benefits services to clients throughout Michigan and in Florida. As part of the transaction Gallagher will acquire affiliated companies The Protection Center, based in Jackson, Michigan, and Kleinschmidt Agency, Inc., based in Ann Arbor, Michigan. The Meadowbrook Insurance Agency team will operate under the direction of Sean Gallagher, head of Gallagher’s Great Lakes region retail property/casualty brokerage operations, and Tom Lannen, head of Gallagher’s Midwest region employee benefits consulting operations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AJG:
- Arthur J. Gallagher & Co. Acquires Meadowbrook Insurance Agency
- Arthur J. Gallagher acquires Clements Worldwide, terms not disclosed
- Arthur J. Gallagher & Co. Acquires Clements Worldwide
- Chubb, Metlife among picks for insurance stock rally, Barron’s says
- Arthur J. Gallagher price target raised to $266 from $262 at Jefferies