ROLLING MEADOWS, Ill.,
Oct. 9, 2019 /PRNewswire/ --
Arthur J. Gallagher & Co. today
announced the acquisition of Louisville,
Kentucky-based Garrett-Stotz Company. Terms of the
transaction were not disclosed.
Founded in 1931, Garrett-Stotz Company is a full-service
commercial and personal lines property/casualty and benefits
agency. Areas of specialization include construction/surety, real
estate and auto dealers. Bill Kantlehner
III, Tom Mitchell,
Don Mucci and their associates will
continue to operate from their Louisville location under the direction of
Bumpy Triche, head of Gallagher's Mid-South Region retail
property/casualty brokerage operations, and Jerry Roberts, head of Gallagher's Heartland
Region employee benefit consulting and brokerage operations.
"Garrett-Stotz enhances our presence in Kentucky and Indiana, brings us additional expertise in
construction and surety, and provides new cross-selling
opportunities," said J. Patrick Gallagher,
Jr., Chairman, President and CEO. "I am very excited to
welcome Bill, Tom, Don and their colleagues to Gallagher's growing
global team."
"Garrett-Stotz is a terrific fit with Gallagher," Bumpy Triche
noted. "It is well-aligned with our core niche strategy and driven
by leaders who share our entrepreneurial spirit."
Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has
operations in 48 countries and offers client service capabilities
in more than 150 countries around the world through a network of
correspondent brokers and consultants.
Investors: Ray
Iardella
|
Media: Linda J.
Collins
|
VP – Investor
Relations
|
VP – Corporate
Communications
|
630-285-3661/ ray_iardella@ajg.com
|
630-285-4009/ linda_collins@ajg.com
|
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SOURCE Arthur J. Gallagher &
Co.