Arthur J. Gallagher & Co. has acquired Ace Commercial Insurance Center (Ace), a specialist insurance broker serving the trucking industry primarily in Southern California. Terms of the transaction were not disclosed.
According to the announcement, Jackie Hoang, President and CFO; Anhdy Nguyen, VP of Operation Underwriting; and the rest of their team will remain in their current location.
The will be under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations.
“Ace is a well-regarded agency that expands our transportation market expertise in the Southwest,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am very pleased to welcome Jackie, Anhdy and their associates to Gallagher.”
Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm, headquartered in Rolling Meadows, Illinois.
The company provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.