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ITASCA, Ill.—Arthur J. Gallagher & Co. is acquiring Trissel Graham & Toole Inc., a Davenport, Iowa-based middle-market broker that provides risk management, property/casualty and employee benefit services for commercial and personal lines clients in the central United States.
Formed in 1896, Trissel Graham specializes in placing insurance for the manufacturing, education, health care, construction, municipality and transportation industries.
Its team of more than 50 insurance industry specialists will continue to operate in their Iowa and Sterling, Ill., locations under the direction of Thomas J. Gallagher, Midwest regional manager of Gallagher’s retail property/casualty brokerage operation.
“Their geographic presence along with their specialized expertise makes them a terrific complement to our Midwest region,” J. Patrick Gallagher Jr., chairman, president and CEO of Itasca, Ill.-based Gallagher, said Tuesday in a statement.
Gallagher, an insurance brokerage and risk management services firm with operations in 16 countries, did not disclose terms of the deal.
In a move to strengthen its wholesale insurance brokerage presence in the Midwest, Arthur J. Gallagher & Co. acquired a St. Louis-based managing general agency and wholesale brokerage.