Arthur Gallagher, a provider of insurance brokerage, risk management and related services, has announced the acquisition of AVRECO, a general agent and wholesale insurance broker.

William Yurek and his associates will continue to operate from their current locations in Chicago and San Diego, California under the direction of Joel Cavaness, president of Risk Placement Services, a subsidiary of Arthur Gallagher.

Patrick Gallagher, chairman, president and CEO of Arthur Gallagher, said: With almost 50 years of industry experience, client-dedicated staff and solid niche market base, AVRECO will be a great addition to our wholesale team. Their success comes from their team-based approach to service; their extensive and unique brokering capabilities; and their specialization strategy.