ROLLING
MEADOWS, Ill., Dec. 12,
2022 /PRNewswire/ -- Arthur
J. Gallagher & Co. today announced the acquisition of
St. Cloud, Minnesota-based
Mahowald Insurance, LLC. Terms of the transaction were not
disclosed.
Founded in 1930, Mahowald is a retail insurance agency offering
commercial and personal products, employee benefit packages and
risk management services for clients across the Midwest.
Bob Mahowald, Jr., and his team will
remain in their current location under the direction of
Sean Gallagher, head of Gallagher's
Great Lakes region retail property/casualty brokerage operations,
and Tom Lannen, head of Gallagher's
Midwest region employee benefits consulting operations.
"Mahowald has an outstanding reputation as a fourth-generation
broker whose health care market expertise will enhance our
capabilities in the region," said J. Patrick Gallagher, Jr., Chairman, President and
CEO. "I am very pleased to welcome Mahowald to Gallagher."
Arthur J. Gallagher & Co.
(NYSE: AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides
these services in approximately 130 countries around the world
through its owned operations and a network of correspondent brokers
and consultants.
Investors: Ray
Iardella
|
Media: Paul
Day
|
VP - Investor
Relations
|
Communications
Manager
|
630-285-3661/ ray_iardella@ajg.com
|
630-285-5946/
paul_day1@ajg.com
|
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SOURCE Arthur J. Gallagher &
Co.