Arthur J Gallagher & Co (AJG) has made a new acquisition in Oakbrook, Illinois as it strengthens its offering in the Chicago area.
AJG acquired RJ Riordan & Co (RJR), a retail property and casualty broker offering a full range of insurance products and services to clients across the Chicago region. The terms of the transaction were not disclosed.
RJR serves clients in the construction and transportation industries. The team will relocate to AJG’s retail brokerage operations in Rolling Meadows, Illinois, under the direction of J. Ryan Isaacs, head of AJG’s Midwest region retail property and casualty brokerage operations.
J. Patrick Gallagher, Jr, chairman, president and chief executive officer at AJG, said: "The RJR team brings us additional expertise and growth opportunities, particularly in the construction industry.”
Arthur J Gallagher, RJ Riordan & Co, J. Patrick Gallagher