ROLLING MEADOWS, Ill., July 10, 2018 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its subsidiary, Gallagher Bassett Services, Inc., has acquired Pennington, New Jersey-based WCD Group, LLC. Terms of the transaction were not disclosed.

Founded in 2002, WCD manages and mitigates risk in the environmental, construction and real estate marketplace. Its customers are owners, lenders, developers, contractors and insurance carriers. William "Chip" D'Angelo and his associates will continue to operate from their Pennington; New York City; Poughkeepsie, N.Y; and High Point, N.C. offices under the direction of Scott R. Hudson, President and CEO of Gallagher Bassett Services, Inc.

"Environmental risks represent a large and growing concern for businesses, public entities and insurers, and WCD will significantly expand our ability to assist customers in controlling these exposures," said J. Patrick Gallagher, Jr., Chairman, President & CEO of Arthur J. Gallagher & Co. "I am pleased to welcome Chip and his associates to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co. AJG, a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 34 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

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SOURCE Arthur J. Gallagher & Co.