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Arthur J. Gallagher & Co. has acquired retail insurance broker and consultant PartnerSource Inc. in Dallas, Texas, Gallagher announced.

Organized in 1994, PartnerSource specializes in the design, implementation and ongoing support for nonsubscription programs, an alternative for Texas workers’ compensation, for their clients with operations in Texas.

PartnerSource also provides non-medical employee benefit programs. The firm’s national and multi-national clients are generally in the retail, manufacturing, healthcare, transportation, food service and hospitality industries.

Bill Minick, Russell Huber, Richard Johnson and their associates will continue as a separate operating unit under the direction of Mike Henthorn, South Central Regional manager of Gallagher’s retail property/casualty brokerage operation.

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

Source: Arthur J. Gallagher & Co.,

Topics Mergers & Acquisitions Texas