US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co (AJG) has acquired Colorado-based Centennial Insurance Agency.
Terms of the deal have not been disclosed.
Based in Pueblo, Centennial is independently owned and operated with five offices in Colorado and New Mexico.
Centennial offers commercial property/casualty and risk management consulting and personal lines insurance services for their clients in the western US.
Under the leadership of Gallagher’s western region retail property/casualty brokerage operation head James G. McFarlane, Mark Swanson, David Swanson, Doug Helzer, Tom Ratzlaff and their team will continue to operate in their current location.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "Centennial is built on a culture that focuses on outstanding client partnerships, strong carrier relationships and team-based sales and service capabilities.
"Their strong Colorado presence and depth of expertise will be an excellent complement to our Western Region brokerage operations, and we are extremely pleased to welcome Mark, David, Doug, Tom and their colleagues to our growing Gallagher family of professionals."
Earlier this month, the firm acquired Mississippi-based McPherson Benefits Group that offers employee benefit consultation, management and brokerage services for larger employer clients in the southern US.
In October this year, AJG acquired Ohio-based Sigma II Insurance Agency, which provides a broad range of employee benefits products and consulting services to their commercial and individual clients across the Midwest.
Image: Arthur J. Gallagher & Co acquires Centennial Insurance Agency. Photo: courtesy of adamr / FreeDigitalPhotos.net.