Arthur J. Gallagher & Co (AJG) announced the acquisition of McNeary, headquartered in Charlotte, North Carolina.
Terms of the transaction were not disclosed.
Founded in 1956, McNeary, Inc. (McNeary) is a retail insurance broker providing commercial property/casualty insurance, risk management services, and employee benefits insurance and consulting services to clients throughout the Eastern United States.
They specialize in insurance and consulting services for hospitals and the healthcare industry.
William Yaeger and his colleagues will continue to operate from their locations in Charlotte; Marietta, Georgia; and Baton Rouge, Louisiana under the direction of Mitchel Brashier, head of Gallagher’s southeastern retail property/casualty brokerage operations and David Ziegler, head of Gallagher’s eastern employee benefit consulting and brokerage operations.
"McNeary is a wonderful example of our acquisition partner of choice. This well-established firm is highly regarded for its industry expertise, solid relationships with industry associations and team-focused culture," said J. Patrick Gallagher, Jr., Chairman, President and CEO.
"Their southeastern presence, depth of expertise and high-quality client service will be terrific complements to our property/casualty and employee benefits brokerage operations. We are pleased to welcome Bill 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 Itasca, Illinois, has operations in 31 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.