Arthur J Gallagher & Co has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed.
Meadowbrook Insurance Agency is a retail insurance broker offering a range of property/casualty and group benefits services to clients throughout Michigan and in Florida. It also advises on health benefits.
As part of the transaction Gallagher will acquire affiliated companies The Protection Center, based in Jackson, Michigan, and Kleinschmidt Agency, based in Ann Arbor, Michigan.
The Meadowbrook Insurance Agency team will operate 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.
Patrick Gallagher, chairman, president and CEO of Arthur J. Gallagher & Co, said: “Meadowbrook Insurance Agency’s strong relationships across Michigan will enhance our strategic capabilities in the region and deepen our market expertise in public entity, manufacturing and real estate.
“I am very pleased to welcome the Meadowbrook Insurance Agency team to Gallagher.”