Arthur J. Gallagher & Co. has acquired the Charles Allen Agency Inc. in Waite Park, Minn. Terms of the transaction were not disclosed.
Founded in 2010, the Charles Allen Agency Inc. (CAA) is a retail insurance broker that provides commercial surety bonding and insurance services to clients throughout the Midwest. The firm specializes in coverage for the construction industry.
Mark Gresser and his associates will continue to operate from their Waite Park location under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operation.
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill.
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