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Arthur J. Gallagher & Co. has acquired Brown Hobbs & McMurray Insurance in Urbana, Ill. Terms of the transaction were not disclosed.

Founded in 1859, Brown Hobbs & McMurray (BHM) is a retail insurance broker providing commercial property/casualty, employee benefits, risk management consulting and personal lines insurance services to clients in the Midwest.

Thomas Brown, Paul Hobbs, William Hobbs, Dick and Rich McMurray, and their associates will continue to operate in Urbana under the direction of Michael Pesch, head of Gallagher’s Midwest region retail property/casualty brokerage operation.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 31 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.

Topics Mergers & Acquisitions