Arthur J. Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has announced the acquisition of Alpha Surety & Insurance Brokerage.
Alpha Surety is based in Little Rock, Arkansas and was founded in 2002.
It 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 and fundraisers.
The team serves clients throughout the United States, as well as Puerto Rico and the U.S. Virgin Islands.
Following the acquisition, Alpha Surety will continue to operate from its current location under the direction of Kevin Garvin, head of Gallagher Affinity.
“The Alpha Surety team expands our market expertise and product offerings in the Surety space,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “We are very pleased to welcome them to our growing team.”