Arthur J. Gallagher & Co. has acquired Tulsa, Oklahoma-based Commercial Insurance Brokers L.L.C.
Terms of the transaction were not disclosed.
Commercial Insurance Brokers is a group of insurance producers and service personnel that offer property/casualty products and services to energy, construction, financial services, manufacturing, transportation, professional services, nonprofit, and health care industry, Gallagher said Wednesday in a statement.
Brad McCrory and his associates will continue to operate from their current location under the direction of Bret VanderVoort, head of Gallagher's South Central retail property/casualty brokerage operations, according to the statement.
Arthur J. Gallagher is the world’s fourth-largest insurance broker, according to Business Insurance’s latest ranking, and made several acquisitions in the first quarter of 2017.
Pam Ferrandino has joined Gallagher Bassett Services Inc.’s North American risk management sales team.