US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. (AJG) has acquired New Jersey-based Aequus Trade Credit.
Terms of the deal have not been disclosed.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr., said: ""Their expertise will be a wonderful complement to our Trade Credit and Political Risk practice group.
"We look forward to working with Marc and his colleagues, and we welcome them to our growing Gallagher family of professionals."
Founded in 1997, Aequus is a specialist insurance broker, which provides credit risk mitigation products and services.
The company primarily concentrates on credit and political risk insurance and accounts receivable puts for middle-market and Fortune 1000 clients in the US.
Under the leadership of Gallagher’s Northeastern region retail property/casualty brokerage operation head Douglas Brown, Aequus’ Marc Wagman and his associates will continue to carry out operations.
With operations in around 30 countries, AJG provides client-service capabilities in about 140 countries across the globe through a network of correspondent brokers and consultants.
Image: Arthur J. Gallagher & Co has acquired insurance broker Aequus Trade Credit. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.