Arthur J. Gallagher & Co. has acquired Palm Beach Gardens, Fla.-based Stonehenge Insurance Solutions, Inc. Terms of the transaction were not disclosed.
Founded in 2007, Stonehenge Insurance Solutions offers commercial insurance products and consulting services to professional employer organizations (PEO’s) and staffing clients throughout the United States.
Stonehenge delivers specialized products such as worker’s compensation; professional, employment practices, general and cyber liability; commercial, hired and non-owned auto; workplace violence; umbrella coverages; and other customized products.
Jeff Rendel, Troy Reynolds, Chris O’Connor and their associates will relocate to their new offices in Tequesta, Fla., this month under the direction of Peter Doyle, head of Gallagher’s Southeast region retail property/casualty brokerage operations.
Patrick Gallagher, Jr., chairman, president and CEO of Arthur J. Gallagher & Co., said the acquisition of Stonehenge will significantly strengthen its retail capabilities in the professional staffing market. Stonehenge will also expand cross-selling opportunities between Gallagher’s retail and wholesale brokerage operations.
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 35 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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