Arthur J. Gallagher & Co. has acquired Ormond Beach, Fla.-based Air-Sur, Inc. Terms of the transaction were not disclosed.
Founded in 1976, Air-Sur is a retail insurance broker serving clients in the aviation and aerospace industry. Its clients include air transport operators, service companies, component manufacturers, engine/airframe overhaul and modification centers, as well as general aviation operators. Thomas K. Coughlin and his associates will continue to operate from their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations.
J. Patrick Gallagher, Jr., Chairman, president and CEO of Arthur J. Gallagher, said the acquisition expands its aerospace capabilities across Florida and the Southeast.
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 49 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Was this article valuable?
Here are more articles you may enjoy.
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
How Insurers Know When It’s Time to Scale AI 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
