Gallagher acquires regional retail broker

Arthur J. Gallagher & Co. has acquired Lubbock, Texas-based Ashmore & Associates Insurance Agency Inc.

The terms of the transaction were not disclosed.

Ashmore is a retail insurance broker that provides property/casualty, employee benefits consulting, and risk management insurance services in the U.S., Arthur J. Gallagher said in a Monday statement.

Wilburn Ashmore, Elizabeth Ashmore and their team of 30 employees will continue to operate from their locations in Lubbock, Canadian, and Midland, Texas under the direction of Bret VanderVoort, head of Gallagher's south central retail property/casualty brokerage operations, and John Neumaier, head of Gallagher's south central employee benefit consulting and brokerage operations, according to the statement.