ITASCA, Ill., Nov. 10, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of SGB-NIA Insurance Brokers headquartered in Woodland Hills, California. Terms of the transaction were not disclosed.
Established in 1964, SGB-NIA Insurance Brokers (SGB-NIA) provides retail property/casualty, risk management and employee benefits insurance products and consulting services to commercial and individual clients throughout the Western United States. They specialize in insurance coverage for the manufacturing, metal worker, retail hardware and commercial real estate industries. James Scanlon and his colleagues will continue to operate in their Woodland Hills and Camarillo, California locations under the direction of James McFarlane, head of Gallagher's Western Region retail property/casualty brokerage operations.
"SGB-NIA is highly-regarded for its professional standards, solid market relationships and focus on quality customer service and satisfaction," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their niche specialization, strong western presence and client-based culture will be an excellent addition to our West Coast operations. We look forward to working with Jim and his associates, and we welcome them 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 30 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.