Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Louisville, Kentucky-based WLA Insurance, LLC, dba Altman Insurance Services.
Terms of the transaction were not disclosed.
Altman Insurance Services provides employee benefits brokerage and consulting services to both large and small group businesses across Kentucky, Indiana, Ohio and Tennessee.
It has been confirmed that both Billy Altman & Mike Summerfield, Partners of the firm, along with their team will remain in their current location under the direction of Robby White, head of Gallagher’s South Central region employee benefits consulting and brokerage operations.
J. Patrick Gallagher, Jr., Chairman, President and CEO, commented on the acquisition: “Altman Insurance Services is a highly regarded agency with a strong culture that will expand our employee benefits capabilities in the South Central region.
“I am delighted to welcome Billy, Mike and their associates to Gallagher.”
This acquisition adds to the number of recent companies that Arthur J. Gallagher has acquired.
If you recall, in September the company made a number of acquisitions.
This includes: San Diego, California-based Hartley Cylke Pacific Insurance Services, Inc., specialist insurance broker, Ace Commercial Insurance Center, along with Eastern Insurance Group, LLC (Eastern Insurance), a subsidiary of Eastern Bank, and Lifesure Group Limited, a UK-based personal lines insurance broking service.
