Itasca, Ill.-based Arthur J. Gallagher & Co. has announced that its subsidiary, Risk Placement Services, Inc., has acquired Lemac & Associates, Inc., headquartered in Los Angeles, Calif. Terms of the transaction were not disclosed.
Established in 1984, Lemac & Associates, Inc. is a wholesale insurance broker and managing general agent. They provide excess and surplus property/casualty coverages including professional and general liability, workers’ compensation and other specialty insurance products and services for their retail insurance agent clients throughout the United States.
William Newton, president of Lemac, and his associates will continue to operate out of their current locations in Los Angeles and Orange, Calif. under the direction of Joel Cavaness, president of Risk Placement Services, Inc.
J. Patrick Gallagher, Jr., president and chief executive officer said, “For over 22 years, Lemac & Associates has successfully grown its business through a strong sales-oriented culture and a dedication to outstanding client service. Their depth of expertise is widely respected in the industry and enables them to handle any type of risk placement need.”
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill. and has operations in seven countries and does business in 120 countries around the world through a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
Topics Mergers & Acquisitions Agencies Illinois A.J. Gallagher
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