Arthur J. Gallagher & Co. has acquired Louisville, Kentucky-based Garrett-Stotz Co. Terms of the transaction were not disclosed.
Founded in 1931, Garrett-Stotz Company is a full-service commercial and personal lines property/casualty and benefits agency. Areas of specialization include construction/surety, real estate and auto dealers.
Bill Kantlehner III, Tom Mitchell, Don Mucci and their associates will continue to operate from their Louisville location under the direction of Bumpy Triche, head of Gallagher’s Mid-South Region retail property/casualty brokerage operations, and Jerry Roberts, head of Gallagher’s Heartland Region employee benefit consulting and brokerage operations.
J.Patrick Gallagher, Jr., chairman, president and CEO said the acquisition enhances its presence in Kentucky and Indiana, and brings additional expertise in construction and surety, and provides new cross-selling opportunities.
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 48 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Topics Mergers & Acquisitions
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