US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co (AJG) has acquired Minnesota-based James R. Weir Insurance Agency.
Terms of the deal have not been disclosed.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr., said: "The Weir team is well-known for their focus on outstanding client relationships and depth of expertise, which will fit well within our culture.
"Their Minnesota presence and strong carrier relationships will be a wonderful complement to our Midwest operations. We are extremely pleased to welcome Jay, Mike and their team to our growing Gallagher family of professionals."
Established in 1967, Weir is a retail insurance broker that offers commercial property and casualty, risk management consulting, employee benefits and personal lines insurance services to the clients in the Midwest.
The agency is also specialized in insurance coverages for the religious, construction, healthcare and food service industries.
Under the leadership of Gallagher’s Midwest region retail property/casualty brokerage operations head, the agency’s Jay Weir, Michael Donohoe and their associates will continue to operate from their current location.
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: Weir provides commercial property and casualty, risk management consulting, employee benefits and personal lines insurance services. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.