Global insurance brokerage Arthur J. Gallagher & Co. has acquired Florida-based Stonehenge Insurance Solutions, terms of the transaction were not disclosed.
Stonehenge offers commercial insurance products and consulting services to Professional Employer Organizations (PEOs) and staffing clients throughout the US.
The company’s leadership team, Jeff Rendel, Troy Reynolds, Chris O’Connor and their associates will relocate to their new offices in Tequesta, Florida in July, under the direction of Peter Doyle, Head of Gallagher’s Southeast region retail property/casualty brokerage operations.
“Stonehenge is one of the premier PEO and staffing-centric insurance agencies in the country and will significantly strengthen our retail capabilities in that market. They will also expand cross-selling opportunities between our retail and wholesale brokerage operations,” said J. Patrick Gallagher, Jr., Chairman, President and CEO.
“I am very pleased to welcome Jeff, Troy, Chris and their team to Gallagher.”