Gallagher buys nonprofit-focused agency

Arthur J. Gallagher & Co. said Monday it has acquired Schenectady, New York-based Charles W. Merriam & Son Inc., which does business as The Merriam Agency, in a deal that strengthens its nonprofit expertise.

Terms of the transaction were not disclosed.

The Merriam Agency, which was founded in 1895 and has offices in upstate New York and Colorado Springs, Colorado, provides commercial, personal lines and employee benefits coverages and services to nonprofit and social service clients across the United States.

Merriam Agency President Brian Merriam and about 15 employees will operate under the direction of Patrick Kennedy, head of Gallagher’s Northeast region retail property/casualty brokerage operations, Gallagher said.