Arthur J. Gallagher & Co (AJG) announced the acquisition of KRW Insurance Agency, Inc. located in Crystal Lake, Illinois.

Terms of the transaction were not disclosed.

Established in the 1940s, KRW Insurance Agency (KRW) is a retail insurance broker providing commercial property/casualty, risk management, employee benefits and personal lines insurance and consulting services to clients throughout the United States.

They specialize in insurance coverage for the construction and manufacturing industries. Patrick Morehead, Alan LaSarre and their associates will continue to operate from their current location under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operations.

"For over 70 years, KRW has focused on developing its depth of industry expertise, strong market relationships and quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO.

"Their team’s sales-based culture and strong industry specializations will be a terrific complement to our Midwestern Region. We are very pleased to welcome Pat, Alan and their colleagues 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 32 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.