Insurance brokerage and risk management services firm Arthur J. Gallagher & Co has acquired Illinois-based Vincent L. Braband Insurance (Braband).
Based in Arlington Heights, Braband is a retail insurance broker that provides commercial property/casualty, risk management consulting, employee benefits and personal lines insurance services to middle-market clients across the Midwest.
Braband is also specialized in offering insurance coverage for law companies and the transportation industry.
Under the leadership of Gallagher’s Midwest region retail property/casualty brokerage operation head Michael Pesch, the acquired broker’s Vincent Skip Braband and his associates will continue to provide services.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "Braband’s team is well known for their industry experience and solid market relationships.
"Their depth of expertise and outstanding client service will be a wonderful complement to our Midwest Region. We look forward to working with Skip and his colleagues, and we welcome them to our growing Gallagher family of professionals."
Last December, Arthur J. Gallagher also acquired another Illinois-based retail insurance broker, The Hawk Agency.
It provides commercial property/casualty, employee benefits, risk management consulting and personal lines insurance services to its clients across the Midwest.
Image: AJG has acquired Illinois-based retail insurance broker Vincent L. Braband Insurance. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.