To extend geographic footprint to those areas where it will have new sales opportunities

Arthur J. Gallagher & Co. has acquired the Portland, Maine and Cranston, Rhode Island operations from Gresham & Associates, headquartered in Atlanta, Georgia. The two New England offices are managing general agencies and wholesale insurance brokers, providing insurance products for independent insurance agents and brokers throughout the Northeastern US.

The offices will operate as Risk Placement Services-Portland and Risk Placement Services-Cranston, and their associates will continue under the direction of Joel Cavaness, president of Risk Placement Services, a subsidiary of Arthur J. Gallagher.

Patrick Gallagher, chairman, president and CEO, said: Part of our acquisition strategy is to extend our geographic footprint to those areas where we have new sales opportunities. This expansion into New England gives us the ability to increase our wholesale/MGA sales and services capabilities within the six-state region. We are extremely pleased to welcome our newest associates to our growing Risk Placement Services’ family of professionals.

Itasca, Illinois-based Arthur J. Gallagher is an international insurance brokerage and risk management services firm.