Arthur J. Gallagher & Co., a Illinois-based international insurance brokerage and risk management services firm, has acquired of S. A. Freerks & Associates (SAFA), a Missouri-based wholesale insurance broker.
SAFA, founded in 1979, is a managing general agent which provides property/casualty, professional business liability and other specialty insurance products and services for independent insurance agents and brokers primarily throughout the central Midwest.
As part of the transaction, Stanley Freerks and his associates will continue to operate from their current St. Louis and Peoria, Illinois locations under the direction of Joel Cavaness, president of Risk Placement Services, a subsidiary of Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. president and CEO Patrick Gallagher said not only will SAFA provide them a solid wholesale presence in the Midwest, their expertise will also be a wonderful complement to their expanding wholesale network which makes them an excellent merger partner. They are extremely pleased to welcome Stan and his team to Risk Placement Services’ family of professionals.
Terms of the transaction were not disclosed.