US-based Arthur J Gallagher & Co, an insurance brokerage and risk management services firm, has acquired Premier Risk Services, Itasca, Illinois.

Formed in 1986, Premier Risk Services is a retail insurance broker providing commercial property/casualty and employee benefits insurance and consulting services to their clients in the Midwest. It specialize in insurance coverage for the real estate, construction and manufacturing industries.

Dino Gavanes and his associates will continue to operate in their Itasca location under the direction of Thomas J Gallagher, Midwest regional manager of Gallagher’s retail property/casualty brokerage operation.

Arthur J Gallagher & Co chairman, president and CEO Patrick Gallagher said Premier Risk Services is another good example of how Arthur continue to find great businesses that fit perfectly and complement the company’s areas of expertise.

This company has grown consistently over the years by providing exceptional value to its clients through its teamwork approach to service, which is what we focus on every day. We are pleased to welcome Dino and his team to our growing Gallagher family of professionals,Gallagher said.