Illinois-based Arthur J Gallagher & Co, an insurance brokerage and risk management services firm, has acquired Nevada- based Aviation Insurance Holdings. Terms of the transaction were not disclosed.

Established in 1977, Aviation Insurance Holdings, trading as Aviation Insurance Services (AIS), is a retail insurance broker offering aviation and aerospace insurance and related risk management services for their clients around the world.

AIS also specialize in insurance for aviation parts and accessories manufacturers, aircraft management and charter organizations and fixed-base operators.

According to Arthur J Gallagher, Ronald Hill and his staff will continue to operate in their Nevada, Florida and Illinois locations under the direction of James McFarlane, Western Regional manager of Gallagher’s retail property/casualty brokerage operation.

Arthur J Gallagher chairman, president and CEO Patrick Gallagher said AIS only provide Arthur J Gallagher a solid presence in Nevada, their expertise will also be a major addition to Gallagher’s aviation practice group.