Commercial retail property/casualty broker, Gillis, Ellis & Baker, Inc. has been acquired by global insurance brokerage, Arthur J. Gallagher & Co (A J Gallagher).
The New Orleans-based Gillis, Ellis & Baker also offers personal lines and employee benefit services across the Southeastern U.S.
Following the acquisition, R. Parke Ellis, W. Anderson Baker III and their associates will continue to operate from their current location. They will operate under the direction of head of Gallagher’s Mid-South region retail property/casualty operations, Bumpy Triche and Robby White, head of Gallagher’s South Central region employee benefits consulting and brokerage business.
J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer (CEO) of A J Gallagher, said: “Gillis, Ellis & Baker is a fourth-generation, family run broker specializing in real estate, healthcare, environmental, scholastic, nonprofit, and private client products and services. I am delighted that Parke, Anderson and their associates chose to join Gallagher.”
Triche added: “Over its 85+ year history, GEB has earned an excellent reputation for integrity, high-quality service and local business knowledge. We expect their production team to flourish by tapping into the expanded resources available to them as part of Gallagher.”
Terms of the transaction were not disclosed.