Arthur J Gallagher & Company, an insurance brokerage and risk management services firm, has acquired Gale Smith & Company. The terms of the transaction were not disclosed.
Gale Smith & Company is a retail insurance broker offering risk management, commercial property/casualty and accident/health insurance services to their clients throughout the central and mid-southern US. They specialize in the construction, transportation, religious, and not-for-profit industries with a focus on larger accounts.
Clyde Redford, Marshall Brown, Bill Carpenter, Christie Reeves and their associates will continue to operate in their Brentwood location under the direction of Mitchel Brashier, southeastern regional manager of Gallagher’s retail property/casualty brokerage operation.
Patrick Gallagher, chairman, president and CEO of Arthur J Gallagher, said: Gale Smith & Company has developed an outstanding reputation for superior service, and they have grown successfully over the last 140 years through their extraordinary commitment to their clients. Their strong sales culture and their solid growth record are two of the major characteristics we look for in an acquisition partner, and they will be an excellent addition to our retail brokerage operation.