Arthur J. Gallagher & Co. said Tuesday it has acquired Ormond Beach, Florida-based aviation and aerospace brokerage Air-Sur Inc.
Terms of the transaction were not disclosed.
Founded in 1976, Air-Sur serves air transport operators, service companies, component manufacturers, engine/airframe overhaul and modification centers as well as general aviation operators, Gallagher said in a statement.
Thomas K. Coughlin, Air-Sur president and CEO, and around 10 employees will continue to operate from their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations, Gallagher said.
Arthur J. Gallagher & Co. has acquired JP Warner Associates, Inc., dba Warner Benefits, a Wayne, Pa.-based employee benefits management, consulting and brokerage firm that has three locations in Pennsylvania, Yahoo Finance reports. The acquisition of Warner Benefits will enhance Gallagher’s consulting capabilities in the greater Philadelphia metropolitan area and escalate services into the Lehigh Valley.