Arthur J. Gallagher & Co has acquired Minnesota-based Mahowald Insurance. Terms of the transaction including the price were not disclosed.
Founded in 1930, Mahowald is a retail insurance agency offering commercial and personal products, employee benefit packages and risk management services for clients across the Midwest.
Bob Mahowald Jr, and his team will stay on in their current location under the direction of Sean Gallagher, head of Gallagher’s Great Lakes region retail property/casualty brokerage operations, and Tom Lannen, head of Gallagher’s Midwest region employee benefits consulting operations following the acquisition.
Patrick Gallagher Jr, chairman, president and CEO of Arthur J. Gallagher, said: “Mahowald has an outstanding reputation as a fourth-generation broker whose healthcare market expertise will enhance our capabilities in the region. I am very pleased to welcome Mahowald to Gallagher.”
