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Arthur J. Gallagher & Co. on Wednesday said it has acquired Allied Insurance Brokers Inc. and its program manager unit Ascinsure Specialty Risk, in a move strengthening its construction expertise.
Terms of the deal were not disclosed.
Founded in 1982, Pittsburgh-based Allied Insurance Brokers provides insurance and risk management services to crane, scaffold and equipment dealers across the United States and to non-profit organizations in western Pennsylvania, while Ascinsure is a program underwriting manager for the crane and scaffold industries, Rolling Meadows, Illinois-based Arthur J. Gallagher said in a statement.
About 35 Allied staff will join the Arthur J. Gallagher team, a spokeswoman said.
Allied senior executives Martin O’Brien, chairman and CEO, Richard Whitlock, president and shareholder, and Jared Clough, vice president and shareholder, and their associates will continue to operate from Pittsburgh under the direction of Dan Tropp, head of Gallagher’s mid-Atlantic retail property/casualty brokerage operations, and Chris Leisz, head of programs for Gallagher’s U.S. wholesale unit Risk Placement Services Inc., the brokerage said.
Arthur J. Gallagher & Co. on Monday said it has acquired Stonehenge Insurance Solutions Inc.