Arthur J. Gallagher & Co. Acquires Transwestern General Agency, Inc.
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Transwestern General Agency, Inc. in Salt Lake City, Utah. Terms of the transaction were not disclosed.
Originally founded in 1945, Transwestern General Agency, Inc. is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients primarily in the Intermountain Western United States. They specialize in insurance coverage for high net worth individuals and the transportation industry. Jeffrey Burgener and his associates will continue to operate from their current location under the direction of Joel Cavaness, President of Risk Placement Services, Inc., a subsidiary of Arthur J. Gallagher & Co.
"For over 60 years TGA's strong sales culture has been focused on a team-based approach to service excellence which makes them an outstanding merger partner. They also have superior carrier relationships that are so important when placing difficult risks for their broker clients," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their wealth of specialty products and service capabilities and western intermountain presence will be a terrific addition to Risk Placement Services' expanding wholesale network. We are extremely pleased to welcome Jeff and his team to Risk Placement Services' family of professionals."
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.