Arthur J. Gallagher & Co. Acquires AquaSurance, LLC
PR Newswire 12-Jan-2018 9:00 AM
ROLLING MEADOWS, Ill., Jan. 12, 2018 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of AquaSurance, LLC in Houston, Texas. Terms of the transaction were not disclosed.
Founded in 2002 by Harry Peyton and Marshall Schoth, AquaSurance is a property/casualty broker focused exclusively on serving Texas water utilities. Harry Peyton and his associates will relocate to Gallagher's Houston Galleria office under the direction of Bret VanderVoort, head of Gallagher's South Central retail property/casualty brokerage operations.
"As leaders in addressing the specific needs of water utilities, AquaSurance will be a terrific fit within our public entity practice and will expand our existing Texas water utility business," said J. Patrick Gallagher, Jr. Chairman, President and CEO. "I'm very pleased to welcome Harry and his associates to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Rolling Meadows, Illinois, 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.
Investors: Ray Iardella Media: Linda J. Collins
VP Investor Relations VP Corporate Communications
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SOURCE Arthur J. Gallagher & Co.