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Arthur J. Gallagher& Co. has acquired Little Rock, Ark.-based Alpha Surety & Insurance Brokerage LLC. Terms of the transaction were not disclosed.

Founded in 2002, Alpha Surety focuses primarily on selling direct and wholesale commercial surety bonds in key industry sectors, including money transmitters, cryptocurrency, professional employer organizations, debt managers, mortgage/finance lenders, fundraisers and others. The team serves clients throughout the United States, as well as Puerto Rico and the U.S. Virgin Islands.

Alpha Surety will continue to operate from its current location under the direction of Kevin Garvin, head of Gallagher Affinity.

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois.

Source: Arthur J. Gallagher & Co.

Topics Mergers & Acquisitions