ITASCA, Ill., June 6, 2016 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Ashmore & Associates Insurance Agency, Inc. headquartered in Lubbock, Texas. Terms of the transaction were not disclosed.
Founded in 1984, Ashmore & Associates Insurance Agency, Inc. (Ashmore) is a retail insurance broker providing property/casualty, employee benefits consulting, and risk management insurance services for their commercial and personal lines clients in the central United States. They specialize in placing coverage for the manufacturing, healthcare and energy industries. Wilburn Ashmore, Elizabeth Ashmore and their team will continue to operate from their locations in Lubbock, Canadian, and Midland, Texas under the direction of Bret VanderVoort, head of Gallagher's South Central retail property/casualty brokerage operations, and John Neumaier, head of Gallagher's South Central employee benefit consulting and brokerage operations.
"Ashmore is a wonderful example of our merger partner of choice. Not only do they add scale to our geographic footprint in that region, but their team is well-known in the industry for their depth of expertise, strong market relationships and high-quality client service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their strong West Texas presence and specializations will be a terrific fit within our South Central Region. We are extremely pleased to welcome Will, Beth and their associates to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 32 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.